Specialisation
Financial Markets
How markets work: institutions, instruments and infrastructure. And how they are governed: from MiFID II and EMIR to the Swiss FinSA/FinIA and the DLT Act. From UCITS funds to tokenised assets and sustainable finance.
Modern financial markets are systems of rules and systems of prices. This specialisation gives you a rigorous, practical understanding of market structure, market infrastructure and supervision. Faculty who have supervised these markets and built their infrastructure designed the specialisation.
The specialisation is available in both fields of study. In Business Administration, the emphasis is on management, compliance and governance. In Business Informatics & Data Science, the emphasis is on market data, surveillance analytics and RegTech.
Specialisation lead:
Dr. iur. Dr. phil. Marcel Lötscher
Director · LL.M., MBA · Attorney-at-law and Mediator
Modules
01Financial Markets, Instruments and Institutions
- Cash, derivative and money markets
- Banks, asset managers, brokers and market makers
- Market data, indices and benchmarks
- Price discovery and market efficiency
02Market Infrastructure and Trading Venues
- Exchanges, MTFs, OTFs and systematic internalisers
- Central counterparties, settlement and custody (CCP, CSD)
- DLT trading facilities and tokenised securities
- Post-trade processes, reporting and transparency
03Regulation and Supervision of Markets
- EU/EEA: MiFID II/MiFIR, EMIR, MAR, CSDR, DORA
- Switzerland: FinSA/FinIA, FMIA, DLT Act; Liechtenstein: TVTG
- Supervisory architecture: ESMA, national authorities, FINMA, FMA
- Market abuse, conduct rules and enforcement
04Asset Management and Collective Investment Schemes
- UCITS, AIFMD and the Swiss CISA
- Fund structures, management companies and depositaries
- Distribution, investor classification and prospectus law
- Governance and risk management in asset management
05Digital Assets and Tokenisation
- Crypto assets, stablecoins and MiCA
- Tokenisation of securities and funds
- Custody, market integrity and AML/CFT
- Decentralised finance and its regulatory perimeter
06Sustainable Finance and Responsible Investment
- EU taxonomy, SFDR and disclosure regimes
- ESG data, ratings and greenwashing risk
- Ethical and faith-based investment principles
- Stewardship and long-term value
How you learn
- Case studies from supervisory and market practice
- Regulatory files, consultation papers and enforcement decisions as primary sources
- Market data analytics and surveillance exercises (Business Informatics & Data Science track)
- Applied project: gap analysis, market design case, or product or compliance concept
Who is this programme for?
- Compliance, legal, risk and regulatory affairs professionals
- Product managers and business developers in banks, asset managers, exchanges and FinTechs
- Employees of supervisory authorities and market infrastructures
- Lawyers and economists with a focus on financial markets
Next steps
Postgraduate Certificate
PGCert in Business Administration or in Business Informatics & Data Science, specialisation Financial Markets (30 ECTS)
Master’s degree
MBA in Business Administration or MSc in Business Informatics & Data Science, specialisation Financial Markets (90 ECTS)
PhD
Dissertation on market design, regulation, digital assets or sustainable finance (Level 8)
Career options
- Compliance officer, regulatory affairs manager, market conduct specialist
- Product owner for trading, post-trade or digital asset services
- Supervisor at a financial market authority or a market infrastructure
- Consultant for market regulation and RegTech
Ready for the next step in digital finance?
Apply for a Postgraduate Certificate, a Master’s programme or the PhD. Or talk to us first.