Introduction to the City and Financial Markets: Ross Tanner Is the Director for All City-Focused Public and In-House Professional Development Programmes at BPP. Previously, He Was an Insurance Company Prudential Supervisor with the Financial Services Authority after Working for a Number of Banks in London and New York
BPP runs 130 courses covering all aspects of financial services. One of the most popular is the Introduction to the City and financial markets. It's a one-day course, from 9am to 5pm with a couple of 15-minute breaks, totalling 6.5 hours altogether.
The course will be of benefit to those who are new, recent or potential recruits to the financial services industry, with little or no knowledge of the City. If you wish to gain a good overview of financial instruments and the markets in which they trade, then this course is for you.
At its heart, the City is a marketplace like any other, but it can often seem so much more complicated than that. This intensive course introduces, in a logical and jargon-busting way, the basic structure and operations of the City's financial markets. No prior knowledge of the City or financial markets is assumed.
First, we consider why London is so important to the global financial industry. We include the fact that the geographical position in the UK as part of Europe, but between Asia and North America in terms of time zones, has been a natural advantage for many years.
We also consider the significance of the financing techniques practised here, the importance of the rule of law and the fact that English is the dominant language in global business and finance.
We then have a quick history lesson, focusing on the development of the City, how it came about and its relationship with the Bank of England. Then we look at market foreign exchange, money markets, capital markets, equities, bonds and derivatives.
In currency and money markets we review spot and forwards, as well as T-bills, certificates of deposit and repos. In interest rates we consider the process of setting rates and the implications for the macro economy, as well as the role of interest rate swaps.
For the bond market we consider UK gilts, corporate bonds, ratings agencies, warrants and convertibles, and eurobonds. In equity markets the nature of ordinary and preference shares is considered, before we look at the primary market's role of issuing new equities and the secondary market role of trading shares. …