Banking Regulation, Supervision and Financial Stability
This course is supported by the OP Group Research Foundation
Time: 26.-28.8.2026
Place: Aalto University School of Business, Otaniemi, Espoo
Registrations: The deadline for registrations is August 9, 2026. See registration/application details at the bottom of the page.
Teaching: Professor Thorsten Beck (European University Institute and Florence School of Banking and Finance)
NFN Travel Grant: NFN offers Travel Grants for attending PhD students in finance coming from Nordic institutions outside of Finland. To apply for the Travel Grant, please use the below form and send it to nfn (at) aalto.fi.
Lectures: 12 h of lectures (12 x 45 minutes)
| DAY | DATE | TIME | PLACE (Otaniemi Campus Map) |
| Wednesday | 26.8.2026 | TBA | 1571 Meitner, Kide (Konemiehentie 1) |
| Thursday | 27.8.2026 | TBA | 1571 Meitner, Kide (Konemiehentie 1) |
| Friday | 28.8.2026 | TBA | 1571 Meitner, Kide (Konemiehentie 1) |
Course objective: The course provides an overview of the relevant issues in bank regulation, supervision and financial stability, focusing on policy-relevant issues and empirical research. The course provides an overview of recent and current research in these areas, and students will learn how to assess the impact of regulatory reforms and new technologies, including different empirical methodologies. At the end of the course, students should have a clear understanding of the relevant topics, methodologies and potential research opportunities in this field.
Course outline:
- Why and how are we regulating banks
- a. Market frictions in banking
- b. The financial safety net and its components
- c. The trade-off between negative effects of fragility and moral hazard
- Micro- vs. macro-prudential regulation
- a. Capital and liquidity regulation; Basel III
- b. Empirical evidence on capital regulation
- c. Systemic risk and macro-prudential toolbox
- d. Empirical evidence on macro-prudential regulation
- Bank supervision
- a. Supervisory tools and methods
- b. Empirical evidence on bank supervision
- c. Cross-border supervisory cooperation
- Bank resolution and deposit insurance
- a. Trade-offs between negative effects of fragility and moral hazard
- b. Empirical evidence on bank resolution and deposit insurance
Syllabus: TBA
Access to the articles is subject to your home institutions’ subsciptions to the databases. Hard copies of all readings are available for consultation at GSF office (Ekonominaukio 1, room T317)
Lecture notes: TBA
The password for opening the files will be sent to the students.
Credit units: 3 ECTS cr.
List of participants: TBA
Participants: Doctoral students in finance. The course is also open for KATAJA as well as FDPE and Helsinki GSE students with sufficient background in finance and/or economics. The course is also open for foreign doctoral students given that there is space in the course.
Examinations
Grading: TBA
Registration/Application
- Doctoral students of GSF, FDPE and Helsinki GSE: Please register through this link.
- Doctoral students in related fields and doctoral students at foreign universities: Application form can be found below (both in PDF and Word format). In addition to the application form, please also send a report on the status of your doctoral studies, and a brief CV. Please also ask your thesis advisor to send us a short letter of recommendation by-email. All the required documents should be sent by e-mail to gsf@aalto.fi. All applicants will be informed of their acceptance soon after the registration deadline.