Financial system /Financial intermediation
The essay should aim to cover some of the following areas:
a. Explain the (main) functions of the financial system. Illustrate your points by giving examples of different types of financial institutions and their role in bringing deficit and surplus units together.
1. Understand the concept and principles of risk
2. Identify the key principles of risk measurement
3. Critically evaluate the causes and consequences of banking crises and identify risk management remedies
4. Understand the economic; regulatory; ethical; and governance environment that banks operate within