Training Courses

How The City Works

Category: Capital Markets

Course level: Introductory

In house

This one-day course provides a comprehensive review of the main institutions operating with the financial markets. No prior knowledge is assumed and all terms will be fully explained.

Case studies form an integral part of the course, to allow the delegates to consolidate the information and provide the basis for group discussions.

Objectives

By the end of the course, delegates will have a better understanding of:

  • capital flows between corporates, governments and the markets financial firms
  • investment banking
  • asset management
  • equities
  • fixed income
  • currency markets
  • money markets
  • derivatives

Length

1 day

Course Content

How money flows round the system

Individual savings and borrowing
How companies raise capital
How governments raise capital
The financial revolution

Money and interest rates

The Bank of England
Controlling interest rates, money supply and exchange rates
Commercial banking
Lending and borrowing, credit cards and deposit accounts
Competition (e-banking)
Building societies
The money markets – T-Bills, CDs, CP, repos

Investment banks

What do they do?
Corporate finance – providing finance to industry
Broking – research, securities trading, settlement, custody
Asset management

The stock markets

What are broker-dealer firms?
Role of market makers and brokers
Recent developments in the stock markets (ATSs, regulation)
Off-exchange dealing

Foreign exchange

Spot and forward quotes
Trading currencies

Investment institutions

Retail products (unit trusts, OEICs, ISAs, investment trusts)
Private client asset management
Institutional funds (pensions and insurance)
 

Risk management
I - Derivatives
    Forwards, futures and options
    Using derivatives for hedging
    Derivatives exchanges (LIFFE, etc.)

II - Insurance
    General insurance
    Life vs non-life insurance

Regulation
    Financial Services & Markets Act 2000
    Role of the FSA
    Insider dealing and market abuse
    Money laundering regime
    Takeover code
    Approved Persons regime, Training & Competence code
    for city professionals
    MiFID

This course would be suitable for:

  • Client services and call centres
  • HR and training
  • Investment administration and operations
  • IT and software developers
  • Legal & Compliance
  • New entrants
  • PR and recruitment firms
  • Sales and marketing

This course would be suitable for these exams:

  • IMC
  • SII Certificate - Securities
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