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Online course

Finance Fundamentals: Financial Services after the Banking Crisis

Explore the UK financial services landscape, how financial firms and their products are regulated and how consumers are protected.

What’s the difference between a free course and an upgraded course?

Free:

  • Access to the course for its duration + 14 days, regardless of when you join (this includes access to articles, videos, peer review steps, quizzes)
  • No access to course tests
  • No certificate

Upgraded:

  • Unlimited access to the course, for as long as it exists on FutureLearn (this includes access to articles, videos, peer review steps, quizzes)
  • Access to course tests
  • A Certificate of Achievement when you complete the course

Find out more

Finance Fundamentals: Financial Services after the Banking Crisis

This course is part of the Business and Finance Fundamentals and Finance Fundamentals programs, which will enable you to master this subject in depth.

Why join the course?

The dramatic events of the financial crisis in the late 2000s transformed the UK financial services industry. Long established institutions went out of business, others were forced into takeovers and only the intervention of governments worldwide - courtesy of eye-watering sized financial recovery packages - prevented the banking industry from implosion.

Now nearly 10 years on from the crisis it’s time to take stock and examine how the industry looks today - how both its structure, the way it operates and the way it is regulated have changed. Most importantly how is the industry now working for the consumer? What are the products? How competitive is the industry? Is regulation working effectively to protect consumers in the financial market place? And where can consumers go to get help and guidance in a changing environment where rules about product selling are changing and where greater freedoms can be exercised with pension savings?

This facilitated 4-week course guides you through the UK financial market place.

  • We start with a rapid review of the history of the industry leading up to the financial crisis that transformed it.
  • We examine the institutions that comprise the industry and the issues they are currently grappling with.
  • We walk down the financial supermarket aisles and see what’s changing with the products on offer.
  • And we examine how the industry is now regulated and how this regulation and the guidance provided by various agencies can help consumers make the right, informed, choices when transacting in the financial market place.

At the end of the course you will have gained a full insight into how the financial services industry operates and how you can transact business with knowledge and confidence.

Develop fundamental business and finance skills

This course has been developed by The Open University Business School – a pioneering institution that is triple accredited by AMBA, EQUIS and AACSB.

It is one of eight from The Open University, designed to help you gain fundamental business and financial skills, including communication, networking, relationship building, project management, personal financial planning and management, investment and financial services.

You can complete this course as part of one of these two programs:

Finance Fundamentals: four courses, which will give you valuable skills to manage finances at home and at work, and enable you to earn a FutureLearn Award.

Business and Finance Fundamentals: eight courses; holders of FutureLearn Certificates of Achievement for all eight courses can earn 30 UK credits towards The Open University Business School’s BA in Business Management by passing a linked Open University assessment module (requiring separate OU registration and fee).

The True Potential Centre for the Public Understanding of Finance (True Potential PUFin)

This course has been adapted from original material created by The Open University’s True Potential Centre for the Public Understanding of Finance, and was made possible thanks to the generous support of True Potential LLP.

What topics will you cover?

  • 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

When would you like to start?

  • Available now
  • Date to be announced

What will you achieve?

By the end of the course, you'll be able to...

  • Explore the origins and development of the UK financial services industry
  • Assess and examine the UK financial services industry and the issues it faces following the 2007/08 financial crisis
  • Evaluate and review the financial products available to consumers in the financial marketplace
  • Identify and understand how financial services firms and financial product sales are regulated
  • Explore the support, advice and guidance available to financial services consumers

Who is the course for?

For further information about registration, the final assessment course, your eligibility and the BA in Business Management, visit the Open University website. The Open University does not operate in Cuba, Iran, North Korea, Sudan and Syria. This means that Learners based in those countries will not be able to convert their participation in this Program to Open University course credits.

What do people say about this course?

The twelve weeks of the program has at times been a real learning curve extending my fairly limited knowledge of finance to provide a useful understanding and platform for the future - my appreciation to all the team.

Michele Sidebotham

Who will you learn with?

Martin Upton

I am Director of the True Potential Centre for the Public Understanding of Finance (PUFin) at the OU Business School. Previously I was Treasurer of Nationwide Building Society.

Who developed the course?

The Open University (OU) is the largest academic institution in the UK and a world leader in flexible distance learning, with a mission is to be open to people, places, methods and ideas.

What’s the difference between a free course and an upgraded course?

Free:

  • Access to the course for its duration + 14 days, regardless of when you join (this includes access to articles, videos, peer review steps, quizzes)
  • No access to course tests
  • No certificate

Upgraded:

  • Unlimited access to the course, for as long as it exists on FutureLearn (this includes access to articles, videos, peer review steps, quizzes)
  • Access to course tests
  • A Certificate of Achievement when you complete the course

Find out more

Get extra benefits, upgrade this course. For $74 you'll get:

Unlimited access

Upgrading will mean you get unlimited access to the course.

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  • Take the course at your own pace
  • Refer to the material at any point in future

If you’re taking a course for free you have access to the course for its duration + 14 days, regardless of when you join. If you upgrade the course you have access for as long as the course exists on FutureLearn.

Access to tests

When you upgrade you’ll have access to any tests during the course.

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  • Validate your learning
  • Ensure you have mastered the material
  • Qualify for a certificate

To receive a Certificate of Achievement you need to take any tests and score over 70%. You don’t get access to tests if you choose to take a course for free.

Certificate of Achievement

Upgrading means you’ll receive a Certificate of Achievement when you complete the course.

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  • Prove your success when applying for jobs or courses
  • Celebrate your hard work
  • Display on your LinkedIn or CV
  • Includes free shipping

To receive a Certificate of Achievement you need to mark 90% of the steps on the course as complete, and score over 70% on any course tests.

Upgrade


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