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Martin Upton, Gordon Sharpe, Iain Gibson, Alan Clarke, John Bloxham, Campbell Wilson, and Roy Drake (Educator)

Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more For further information about registration, the final assessment course, your eligibility and the BA in Business Management, visit the Open University website . If you are aiming to use your study of courses in the Business and Finance Fundamentals program to obtain academic credit, please be aware that the final planned presentation of the Open University Assessment Course BXM191 Business and Finance Fundamentals in Practice starts October 2020. Please ensure that you allow yourself enough time to obtain all eight Certificates of Achievement from courses in the program before registering for the Assessment Course. Details of runs of the relevant FutureLearn courses in 2019 and 2020 are available here .

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Most FutureLearn courses run multiple times. Every run of a course has a set start date but you can join it and work through it after it starts. Find out more For further information about registration, the final assessment course, your eligibility and the BA in Business Management, visit the Open University website . If you are aiming to use your study of courses in the Business and Finance Fundamentals program to obtain academic credit, please be aware that the final planned presentation of the Open University Assessment Course BXM191 Business and Finance Fundamentals in Practice starts October 2020. Please ensure that you allow yourself enough time to obtain all eight Certificates of Achievement from courses in the program before registering for the Assessment Course. Details of runs of the relevant FutureLearn courses in 2019 and 2020 are available here .

Topics Covered

  • The historical development of financial services in the UK
  • The 2007/08 financial crisis
  • The financial services industry after the financial crisis
  • The revisions to the regulation of the industry after the financial crisis
  • Financial products and new product offerings for consumers
  • The pensions revolution in the UK
  • How financial firms are regulated
  • How financial product sales are regulated
  • How consumers are protected and helped in the financial market place

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Reviews summary

Post-crisis financial services overview

According to students, this course provides a clear and concise overview of the financial services industry, particularly focusing on the period after the 2008 banking crisis. Many find the content, especially on regulation and consumer protection, highly relevant and practical for professionals. Learners praise the excellent instructors for simplifying complex topics without losing depth. While it offers a strong foundation for beginners, some experienced learners may find certain sections basic or the delivery occasionally dry, desiring more interactive elements or case studies. Though an older review mentioned outdated material, more recent feedback indicates the course is largely up-to-date and valuable for understanding the current financial landscape.
Mostly current, but some suggest checking for latest updates.
"The course is very up-to-date and practical."
"While the topics are important, I found some of the course material to be a bit outdated, particularly around specific regulations, which have since evolved."
"I would recommend it, but perhaps check external resources for the very latest regulatory updates."
Offers current insights into post-banking crisis finance.
"I found the modules on regulation and consumer protection highly relevant to my work."
"Absolutely brilliant! The material on the banking crisis and subsequent regulatory changes was thoroughly explained. The course is very up-to-date and practical."
"I'm a professional in a related field and found it useful for refreshing my knowledge."
"The discussions on consumer protection were particularly strong."
Simplifies complex financial concepts effectively.
"This course provided an incredibly clear and concise overview of the financial services industry..."
"The instructors were excellent, simplifying complex topics without losing depth."
"As someone new to finance, this course demystified complex concepts. The explanations were easy to follow..."
"Outstanding clarity and excellent teaching. This course genuinely helped me understand the intricacies..."
Generally engaging, yet some desire more interactive elements.
"The videos were engaging and the readings were informative."
"The course content is relevant, but at times the delivery felt a little dry."
"I was hoping for more case studies or interactive elements. It didn't fully engage me."
Ideal for beginners, but potentially basic for experienced learners.
"Some parts felt a bit basic for someone with prior finance knowledge..."
"Highly recommended for beginners."
"I'm a professional in a related field and found it useful for refreshing my knowledge."
"The pace was sometimes too slow for someone with a background in economics."

Activities

Coming soon We're preparing activities for Finance Fundamentals: Financial Services after the Banking Crisis. These are activities you can do either before, during, or after a course.

Career center

Learners who complete Finance Fundamentals: Financial Services after the Banking Crisis will develop knowledge and skills that may be useful to these careers:

Reading list

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Provides a comparative overview of financial services regulation. It discusses how financial services are regulated in different countries and how these regulations have evolved over time.
Explores the impact of technology on the financial services industry. It discusses how technology is changing the way we bank, invest, and pay, and how these changes are likely to affect the future of the industry.
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Provides an overview of the fintech industry. It covers a wide range of topics, including the history of fintech, the different types of fintech companies, and the challenges and opportunities facing the industry.
Provides a guide to the global financial services market. It discusses the different types of financial services that are available in different countries and how to access these services.
Discusses the future of the financial services industry in light of the rise of fintech companies. It argues that fintech companies are likely to disrupt the traditional banking model and that the future of finance will be dominated by technology.
Provides a strategic overview of financial services marketing. It discusses how to develop and implement a successful marketing campaign for financial services products and services.
Provides a detailed overview of financial regulation in the United States. It covers topics such as the history of financial regulation, the regulatory framework for banks, securities, and insurance companies, and the role of the Federal Reserve.
Provides a comprehensive overview of financial regulation in the European Union. It covers topics such as the Single Market for Financial Services, the European Banking Union, and the Capital Markets Union.
Focuses on microprudential regulation, which aims to ensure the safety and soundness of individual financial institutions. It covers topics such as capital adequacy, liquidity risk, and stress testing.
Explores the causes and consequences of systemic financial risk and examines the role of financial regulation in preventing and mitigating such risks.
Examines the role of behavioral finance in financial regulation, highlighting the importance of understanding human behavior and cognitive biases in designing effective regulatory policies. (One author Nobel Prize Laureate.)
Examines the design and effectiveness of financial regulation, with a focus on the 2008 financial crisis. It offers insights into the causes of financial instability and proposes reforms to improve the resilience of the financial system.
Provides a critical analysis of financial regulation in France. It examines topics such as the role of the state, the relationship between financial markets and the real economy, and the challenges of financial innovation.
Provides a detailed overview of the legal and policy framework for financial regulation in the United States. It covers topics such as banking regulation, securities regulation, and consumer protection laws.
A comprehensive guide to derivatives, including their types, pricing, and risk management. Suitable for both practitioners and students.
Introduces alternative investments, such as hedge funds, private equity, and real estate. Provides an overview of their characteristics, risks, and potential returns.
Considered a classic in value investing, this book provides foundational principles for evaluating the worth of a business based on financial value. While not solely focused on financial products themselves, it offers crucial context on how investors approach and value assets that are traded as financial products. It's a must-read for anyone in finance.

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