International Finance English

Europe on Buses Inc.
w w w. e u r o p e o n b u s e s . c o m

Executive Training

International Finance
and Financial Law

A few words from the Director
International financial competition requires confidence and knowledge, but especially
constant updating of financial mechanisms and regulation systems.
The capital coordination of monetary, financial, and legal characteristics between banks,
financial institutions, companies and states are the backbone of a strategic optimization of
profits. Of course, this only works when there is total comprehension and utilization of current
financial laws that are in constant renewal.
After Wall Street, London and the European Union, there is now the rise of Asian Tigers,
South America and the Middle East concerning financial interventions. This makes the
international financial scene complex and difficult to keep up with.
That being said, it is crucial to optimize your business’s intervention on financial markets and
derivative markets, which is what our training offers. Three days of a complete and detailed
training in the heart of international finance, on Wall Street, will help you update your
knowledge on international finance, with a practical, legal, financial and business angle.
Our training is optimal, for it is taught by financial experts and American as well as
international lawyers, all very competent professionals in the matter. They thus know how to
adapt this knowledge to your business and your situation, creating a flexible learning
environment, whilst being as personalized and detailed as possible. Our goal is to make sure
you leave with all the cards in hand, to master the financial world, whilst benefitting your
business as best as possible.
Olivier Chazoule,
Professor of financial law
International lawyer. LLM, MBA
Director of Studies NYIBF

Olivier
 Chazoule
 
Director
 of
 Studies

Day 1 (1/2)
8:15am: Arrival of participants with a Welcome Breakfast
9:00am: Training

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What is international finance?
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International Finance is linked to Financial Law

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Finance is money and financing

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Law is the structure and frame of these financial
interactions

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Financial Law gives the tools and directions for proper
international Finance

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Markets
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Financial Markets

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Money Markets

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Commodity Markets

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Futures and Options Markets

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Etc.

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Banks

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Lenders

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Corporations

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Credit

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Central Banks

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Monetary Policy

Monetary Policy
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IMF
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World Bank
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World Trade Organization
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European Commission
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Etc.

10:30am-10:45am: Break with refreshments
10:45am: Training resumes
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Law
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Business Law
Banking Law
Tax Law
Laws of Finance
Credit Laws
Markets’ Regulations
Laws of securities
Blue Sky Laws
Compliance

Etc.

12:30pm-2pm: Lunch in a restaurant in Wall Street

Day 1 (2/2)
2pm: Training resumes
The financial system of the United States
Why this system is so important:

4:15pm: Training resumes
•
•
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The Federal Agencies
The Laws of Securities, 1933, 1934
The SEC, Securities and Exchange Commission

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Most structured system in the world for now

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Investors’ protection by the SEC

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Inspired the other systems: Europe, Asia, etc.

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The CSRC

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Put in place regulations and control measures

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The Securities and Exchange Board of India

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Capacity of enforcement of the controls

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See its counterpart in France, the AMF

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FATCA and World financial Power and Law

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Securitization of:
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Corporations

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Real estate

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Credit cards

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Automobile loans

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Insurance

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Debt

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Etc.

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Necessity to avoid and contain panic crises: 1873, 1893,
1896, 1901, 1905, 1907, 1929, 1987 and 2007-2008
•

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Bilateral agreements or MOIs (memoranda of
understanding) for international operations,
including in insider trading
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THE CFTC: the Commodity Futures Trading
Commission

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•

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Futures

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Options

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Leverage

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FOREX, x 10, x 100

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Mumbai currencies market: x 1,000
Sarbanes–Oxley Act of the U.S. Congress, 2002
DODD FRANK and Volker Rule, 2010
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Drawing lessons of the past crisis to avoid new ones

4pm-4:15pm: Break with refreshments

6pm: End of the day

Dodd–Frank Wall Street Reform and Consumer
Protection Act

Day 2 (1/2)
10:45am: Training resumes
8:15am: Arrival of participants with a Welcome Breakfast
9:00am: Training
•
End of review Financial System of the U.S
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The FED and the Treasury: actual concurrent power to create
money (see Keynes for Money Creation, Multiplier and Accelerator
notions)
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Why this power of creating money is the best ally and the
best enemy of the U.S.
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The current debt of the U.S. is $18 Trillion, about $2 Trillion is
held by China (although moving regularly) and $1 Trillion is held by
Japan
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This means that the U.S., like most of the world economies, has
no lesson to give to Greece

10:30am-10:45am: Break with refreshments

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The Chinese fight for international financial supremacy
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CHINA, and also India, Japan and Russia can and
will play a MAJOR ROLE in the International
Finance in the next decades
The Chinese fight to “control de controllers”
⁃

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Explanation: the United States and China are
fighting for international finance supremacy
The Chinese short March for Legal and Financial Power
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The SEC and those of the Big Five accounting and
audit firms.

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The SEC or Securities and Exchange Commission
as the supreme authority of the U.S. financial
markets and by repercussion of all the companies
that are listed on the New York Stock Exchanges

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The Big Five as the guarantors of the regular
financial health reports of the listed companies.

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The fight between the SEC and the U.S.
Government on one side and the CISC and the
Chinese Government on the other side, the Big Five
being in the middle.

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Since 2013 there are two super-gendarmes of finance
in the world: 1) The Securities and Exchange
Commission and 2) the China Securities Regulatory
Commission.

12:30pm-2pm: Lunch in a restaurant in Wall Street

Day 2 (2/2)
2pm: Training resumes
The Creation of the Asian Infrastructure Investment Bank
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The Asian Infrastructure Investment Bank (AIIB)

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Financing the multi-trillion dollar and the needs for
infrastructures in Asia: roads, bridges, railways…
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The extremely fast development of Asia needs a very
large financing which was not available
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The traditional sources of financing for international
infrastructures or national infrastructures for national large
projects are the International Monetary Fund, the World
Bank, and the Asian Development Bank
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Chinese strategic and political move: the creation and
CREATE the AIIB. The move is really smart because no one
can deny that China is under-represented in the IMF and the
World Bank
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Unbalance of Voting Powers at the IMF

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Unbalance of Voting Powers in the World Bank

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The U.S. reaction to the creation of the AIIB

4pm-4:15pm: Break with refreshments

4:15pm: Training resumes
The new distribution of the financial power in the world
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Asian countries and Asian marketz
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Today 3 or the 4 largest economies are Asian
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The evolution of the international financial and
economic power and its impact on the financial markets,
exchanges, and regulations:
o Larger weight of China
o The rise of India
o The Japan resilience
o The controversial influence of the fighting Russia
o Brazil strong emergence
o Mexico’s increasing influence
o The Gulf countries which play the financial game
• The new game of power within the IMF
• The new game of power within the World Bank and the
WTO

6pm: End of the day

Day 3 (1/2)
8:15am: Arrival of participants with a Welcome Breakfast
9:00am: Training
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•
•
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European financial regulations
UCITS Directives
The tentative to be the 3rd financial power in the world
The London exception

10:15am-10:30am: Break with refreshments
10:30am: Training resumes
Anti-Money laundering measures (1)
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National
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International
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Regional

12:30pm-2pm: Lunch in a restaurant in Wall Street

2pm: Training resumes
Anti Money Laundering measures (2)
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Definitions

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Current data. Some estimate the size of the problem
is over $500 billion annually. Often thought of as a
victimless crime, money laundering is a very serious issue.
Without it, international organized crime would not be able
to function.
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The global standard to stop money laundering.
Because laundering money is one way in which terrorists
finance their activities, money laundering and terrorism go
hand in hand. The FATF is, therefore, also dedicated to the
setting and implementation of standards for fighting
terrorist financing and other threats to the international
financial system.
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To a s s i s t m e m b e rs i n i m p l e m e n t i n g t h e
recommended anti-money-laundering measures, the FATF
has also provided them with a set of guidance and best
practices.
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The efforts of the IMF

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China and the U.S in the fight against Money
Laundering

4pm-4:15pm: Break with refreshments

Day 3 (2/2)
4:15pm: Training resumes
The Patriot Act and the equivalent measures worldwide
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The USA Patriot Act is an acronym for Uniting and
Strengthening America by Providing Appropriate
Tools Required to Intercept and Obstruct Terrorism.

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Since its inception, the Patriot Act has been shrouded
in controversy. Proponents of the act believe that it is
a necessary evil in the face of new threats to America
in the ever-changing international political climate.
Civil libertarians see it as an unpatriotic means of
limiting civil rights, infringing on free speech,
interfering with freedom of the press and infringing
on individual privacy rights

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The USA Patriot Act is a very effective tool to fight
Money Laundering for terrorism and other goals

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However, the patriot Act is also used for other
purposes and is a powerful legal and financial
instrument

6pm: End of the day

Additional information

Duration: 3 days
The next dates of our Training program:
•

•

•

Monday, Tuesday and Wednesday,
February 22nd to February 24th, 2016
Monday, Tuesday and Wednesday,
March 27th to March 29th, 2016
Monday, Tuesday and Wednesday , April
25th to April 27th, 2016

Price
Price per participant : $4,500
*This price includes 3 days of executive training,
classroom rentals in Wall Street, Welcome breakfasts,
breaks with refreshments and pastries
**Our executive trainings are held in English. They are
also available in French, Chinese, Spanish and
Portuguese upon request
***We charge $75 for each lunch in Wall Street. This cost
is optional, and is not included in the total price of the
training

Co nt a ct
The
 New
 York
 Institute
 for
 Business
 and
 Finance

125
 Maiden
 Lane,
 New
 York,
 NY
 10038
 (USA)
OfJice:
 (646)
 775
 2812
Mobile:
 (347)
 712
 1331
Email:
 info@theNYIBF.com
Email:
 prof.olivier.chazoule@theNYIBF.com
 
Website:
 www.newyork-­‐ibf.com