FIN 955 Subject Outline Trimester 2, 2014 Page 1 of 13
SYDNEY BUSINESS SCHOOL
FIN 955: International Banking 6 credit points Subject Information Trimester 2, 2014
Wollongong On Campus TEACHING STAFF Teaching Role Coordinator, Lecturer and Tutor Name Dr Trenton Milner Telephone 9266 1315 Email trenton@uow.edu.au Room 40.312 Consultation Times Wednesday 13:30 - 15:30 Wednesday 20:15 - 21:45
IMPORTANT INFORMATION FOR ALL STUDENTS This important information must be read together with the Sydney Business School (SBS) Student Handbook which contains relevant information on University of Wollongong (UOW) and SBS Policies. The handbook is found at http://business.uow.edu.au/sydney-bschool/current/policiesandrules/UOW100614 It is your responsibility to comply with these policies and processes.
FIN 955 Subject Outline Trimester 2, 2014 Page 2 of 13
Copyright Commonwealth of Australia Copyright Regulations 1969 2014 University of Wollongong The original material prepared for this guide is covered by copyright. Apart from fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission. FIN 955 Subject Outline Trimester 2, 2014 Page 3 of 13 Table of Contents
SECTION A: GENERAL INFORMATION ..................................................................................................... 4
FIN 955 Subject Outline Trimester 2, 2014 Page 4 of 13 SECTION A: GENERAL INFORMATION SUBJECT DESCRIPTION The global impact of banking is the focus of this subject. The subject incorporates comprehensive discussion of issues that commonly arise in the international banking environment. These include the development of the international monetary system, the deregulation of banking, methods of payment in international trade, foreign exchange markets, international lending and developments of new technology. STUDENT LEARNING OUTCOMES Upon successful completion of this subject, student will be able to: 1. Demonstrate an understanding of importance of international operations of banks for their overall business. 2. Describe mechanisms of various methods of payments involved in settlement of international transactions, role of banks in facilitating those transactions and various issues connected with them. 3. Develop knowledge of foreign exchange markets within banking environment. 4. Assess various risks that banks face in their international operations. 5. Describe various regulatory regimes in which banks conduct their international operations. 6. Understand impact of deregulation on international operations of Australian and other global banks. 7. Describe various new developments taking place in international banking environment. 8. Critically evaluate influence of various social, political and economic factors on international operations of banks in Australia and overseas. UPDATES TO THIS SUBJECT The Faculty of Business is committed to continual improvement in teaching and learning. In assessing teaching and learning practices in a subject, the Faculty takes into consideration student feedback from many sources. These sources include direct student feedback to tutors and lecturers, feedback through Business Central, responses to the Subject and Course Evaluation Surveys. These important student responses are used to make ongoing changes to subjects and courses. This information is also used to inform systemic comprehensive reviews of subjects and courses. The text book of the subject is changed in order to reflect the current developments in International Banking. Subject contents are updated and readings revised in accordance with industry developments.
FIN 955 Subject Outline Trimester 2, 2014 Page 5 of 13 GRADUATE QUALITIES The Faculty of Business has designated Graduate Qualities which we aim to progressively develop in our students through learning and teaching. Each subject contributes to these graduate outcomes. Graduate Quality Our graduates will: Graduate Qualities Taught, Practised or Assessed in this Subject Informed have gained appropriate conceptual and applied knowledge that is research-based Yes have developed skills for independent thinking and life- long learning acknowledge the work and ideas of others Innovative and Flexible be innovative in their thinking and work practices Yes be flexible in their approach be able to apply creativity and logical analysis to solving business and social issues Socially Responsible appreciate the social and ethical dimensions of business Yes be able to make informed choices for the benefit of society Connected be able to work and network effectively with others Yes appreciate the links between ideas and practice in domestic and international business, the public sector and community contexts Communicators demonstrate an effective level of interpersonal, written, and verbal communication skills Yes show an understanding of intercultural communication practices
FIN 955 Subject Outline Trimester 2, 2014 Page 6 of 13 ATTENDANCE REQUIREMENTS Students are expected to attend all lectures, tutorials, workshops and seminars. Students may fail a subject unless they attend 80% of lectures, tutorials, workshops and seminars in each subject they take. Students may apply to have this requirement waived if their circumstances meet those listed in Student Academic Consideration Policy available at http://www.uow.edu.au/about/policy/UOW060110.html. REQUIRED TEXT(S) Custom Book: FIN955 International Banking (2013), Pearson Education, Australia (CB:FIN955) A$119.95. This textbook(s) is available online from the University Bookshop at http://unicentre.uow.edu.au/unishop/ KEY REFERENCES The recommended readings below are not intended as an exhaustive list of references. Students should also use the library catalogue and databases to locate additional resources. 1. De Rosa, L. and A. Fazio,(2003) "International Banking and Financial System: Evolution and Stability." Aldershot, UK. 2. Eun, C.S. and B. Resnick(2012), "International Financial Management" McGraw Hill Irwin. 3. Hughes, J.E. and S. B. Macdonald (2002) , "International Banking: Text and Cases" Addison Wesley. 4. Malloy, M., P., (1998)"International Banking: Cases, Material and Problems, California Academic Press, Durham. 5. Mehta, D. and H. Fung(2004), "International Bank Management" Blackwell Publishing. 6. Mullineux, A. and V. Murinde(2003), "Handbook of International Banking" Edward Elgar. 7. Oppenheim, P. (1999), " Global Banking", American Bankers Association. 8. Slager, A. (2006), "The Internationalisation of Banks: Patterns, strategies and performance", Palgrave Macmillan, New York. 9. Skully, M., (2003)" International Banking and Finance: An Australian Perspective," L.B. Company.
FIN 955 Subject Outline Trimester 2, 2014 Page 7 of 13 LECTURES Lecture Times Lectures will be held on: Day Start Time End Time Room Wednesday 17:30 19:30 20-1 Trimester 2 Week Date Topics Covered Readings 1 14 May 2014 Emergency Evacuation Procedures Introduction Reading CB-FIN955 Chapter 1 and 2 2 21 May 2014 International Monetary System Chapter 3 3 28 May 2014 International Commercial Banking International Private Banking Chapter 4 and 5. 4 04 Jun 2014 Payment and Settlement Systems Chapter 7 5 11 Jun 2014 Methods of Payment in International Trade Chapter 8 6 18 Jun 2014 International Lending- Principles & Practice Chapter 8 7 25 Jun 2014 Loan Syndication & Project Finance Chapter 9 8 02 Jul 2014 International Investment Banking Chapter 10 and 11 9 09 Jul 2014 Bank Crashes and Regulatory Issues Chapter 12 and 13 10 16 Jul 2014 Strategy and Organisation Chapter 15 11 23 Jul 2014 Review Nil
FIN 955 Subject Outline Trimester 2, 2014 Page 8 of 13 TUTORIALS Tutorial/Seminar/Workshop Times Tutorial times and locations can be found at http://www.uow.edu.au/student/timetables/index.html. Please note that tutorial times on the timetable are provisional and may change. The Faculty of Business uses the SMP Online Tutorial System http://www.uow.edu.au/student/tps/index.html. Trimester 2 Week Week Commencing Topics Covered Readings and Activities 1 12 May 2014 No workshop in week 1 The workshop questions will be available on eLearning each week. 2 19 May 2014 Introduction CB: FIN955 Chapter 1 and 2 Group Work 3 27 May 2014 International Monetary System Chapter 3 Group Work 4 02 Jun 2014 International Commercial Banking International Private Banking Chapter 4 and 5 Group Work 5 09 Jun 2014 Payment and Settlement Systems Chapter 7 6 16 Jun 2014 International Lending - Principles & Practice Chapter 8 7 23 Jun 2014 Methods of Payment in International Trade Chapter 8 8 30 Jun 2014 Loan Syndication and Project Finance Chapter 9 9 07 Jul 2014 International Investment Banking Chapter 10 and 11 Group work 10 14 Jul 2014 Bank Crashes and Regulatory Issues Chapter 12 and 13 11 21 Jul 2014 Strategy and Organisation Chapter 15 FIN 955 Subject Outline Trimester 2, 2014 Page 9 of 13 SECTION B: ASSESSMENT Assessment Form of Assessment % Assessment 1 Tutorial/Lab Tasks 10% Assessment 2 Authentic Tasks 30% Assessment 3 Final Exam 60%
TOTAL 100%
Assessment 1 Tutorial/Lab Tasks - Tutorial preparations (response to weekly questions) Graduate Qualities Assessed Informed Innovative and Flexible Socially Responsible Connected Communicators Topic Weekly Tutorial participation Length Depending on number and complexity of questions. As a guide, tutorial answers will not exceed 3 typed pages. Weighting 10% Due Date To Be Announced Type of Collaboration Individual Assessment Marking Criteria Typed answers will be collected at the completion of tutorial at random by the tutorial facilitator. Each student will have two weekly assignments collected during the session and a mark out of 10 will be given for participation in class room discussion and submission of weekly assignments. Please note that marks are given for participation and will not be given for attendance only. Style and Format Students are required to prepared typed /written answers to tutorial questions each week. Students are also required to actively participate in the tutorial questions. Assessment Submission Collection of answers will be at the discretion of the tutorial facilitator and will be collected at the tutorial location. Assessment Return At the tutorial location. Detailed Information Refer to the tutorial program of the subject outline. Answers to tutorial questions will be provided in tutorials.
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Assessment 2 Authentic Tasks - Case study analysis report Graduate Qualities Assessed Informed Innovative and Flexible Socially Responsible Connected Communicators Topic Group Work Length Group Report 3000 words. Weighting 30% Due Date 07 Jul 2014 (In Your Assigned Tutorial in Trimester 2 Week 9) Type of Collaboration Group Work Marking Criteria Based on how the research topic is addressed in terms of its contents, structure, presentation and references in the report. The marks allocated for Group Report are 30%. Style and Format Hard copy, word format. Assessment Submission In the tutorial in Week 9. Assessment Return In the tutorial approx. two weeks after submission Detailed Information The group work will involve preparing a case study on a bank or a banking system. The groups will be formed in the workshop in week 2 and each group will be allocated a topic in the tutorial. The maximum number of students in each group will be 4. The group report will be submitted in tutorial week 9. In the event of any problems in the group (such as illness, differences between group members), the Subject Coordinator will be the Final Arbitrator of any issues arising in the group.
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Assessment 3 Final Exam - Other Graduate Qualities Assessed Informed Connected Communicators Topic Final Exam Length 3 hours Weighting 60% Due Date To Be Announced Type of Collaboration Individual Assessment Marking Criteria Marks awarded for correct technical knowledge and understanding of theoretical concepts Style and Format To Be Advised Assessment Submission Examination Hall Assessment Return
Detailed Information The examination will be held during university examination period
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DEFERRED EXAMINATIONS Students who suffer illness or other circumstances beyond their control which are likely to affect their academic performance on the day of an examination should not attend the exam. These students should obtain a Medical Certificate or other approved supporting documentation and follow the University's Academic Consideration application process to apply for a deferred exam. The School will not approve students to re-sit an examination. See Section C, Student Academic Consideration Policy for further details.
Students approved for a deferred examination will receive at least five (5) days notice via SOLSMail, regarding the examination date, time and location. SBS Deferred exam period dates can be found at http://business.uow.edu.au/sydney-bschool/current/importantdates/index.html MINIMUM PERFORMANCE REQUIREMENTS To be eligible to pass this subject, students must achieve an overall mark of at least 50%, submit all assessment tasks for the subject and achieve at least 50% in the final examination. NOTE ON PLAGIARISM The use of information provided on websites established for the purpose of providing assessment task solutions can constitute plagiarism. Similarly, the provision of information to such sites can be regarded as aiding the commitment of plagiarism. Requesting information about assessment solutions from current or previously enrolled students may also be interpreted as intent to commit plagiarism. Such activities should be avoided as they can potentially represent student academic misconduct and be subject to penalty.
FIN 955 Subject Outline Trimester 2, 2014 Page 13 of 13 TURNITIN Turnitin is a web-based site found at www.turnitin.com used by UOW as a tool for detecting plagiarism, along with educating students about the importance of correct referencing techniques. The Turnitin system checks each student's written assessment against electronic text; on the publicly accessible Internet, in published works (including ABI/Inform, Periodical Abstracts, Business dateline, and electronic books), on the ProQuest and Gale commercial databases, and in every assignment previously submitted to Turnitin When a student submits his/ her written assessment, the system generates an 'originality report' that highlights the similarity found between the assessment and all the sources checked by Turnitin. Turnitin does not check that references are in the correct Harvard format. It is the student's responsibility to check that all references follow the Harvard format detailed on http://www.library.uow.edu.au/referencing/ It will be compulsory for all SBS students to submit all written assignments (final version) into the Turnitin system from Trimester 2 2014 before submitting the hard copy to the lecturer. A printed copy of the 'originality report' obtained from the Turnitin system must be attached to the assignment. Any assignment received which does not have an attached report will not be marked and therefore be awarded a 0 for this assessment task. Students are encouraged to submit drafts of their assignment to Turnitin before the due date, thus enabling students to check their referencing and rectify any issues before submission of the final version. The first time a UOW student uses the Turnitin system, they must register using a functioning UOW email address as their user name and adhere to the following guidelines: 1. Use one sign in name only 2. Use one document name only for each assignment that includes your UOW student number 3. Any resubmissions must use the same document name as the original submission 4. References must be included in your Turnitin submission 5. Do not include the assignment topic question at the beginning of your submission 6. The originality report provided with the assignment submission must be consistent with your last submission to Turnitin Failure to comply with these requirements may result in penalties being applied. Please access the Moodle site for this subject for further Turnitin details. Detailed instructions on how to use and obtain access to the Turnitin system can be found at the website: http://www.uow.edu.au/student/services/ld/students/UOW021315.html