Module title: Regulatory Risk Management

SCQF level: 10:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: FIN10107
Module leader: Malcolm Pettigrew
School The Business School
Subject area group: Accountancy Finance and Law
Prerequisites

There are no pre-requisites for this module to be added

2018/9, Trimester 1, Blended, Edinburgh Napier University
Occurrence: 003
Primary mode of delivery: Blended
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Malcolm Pettigrew
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning and teaching methods including their alignment to LOs

This module is delivered in distance learning mode and study guides are made available to students which take them through the syllabus. Each learning outcome is allocated either one or two units in the study guide. Students work through the study guides which consist of a module text and a student guide with self-assessment questions and suggested answers. Support is provided by telephone, e-mail and through WebCT and there are three two-hour Saturday morning tutorials where these are viable and can be attended by students. Three study notes containing a review of each section of the syllabus along with specimen examination questions and answres are circulated to all students after the tutorials or at appropriate times where no tutorials take place. The overall structure endeavours to encourage students to understand how theory and practice can be linked and every piece of assessment requires students to demonstrate a good understanding of theory and then combine this in an appreciation of how that theory is or is not applied in practice.

Embedding of employability/PDP/scholarship skills

Key employability skills are embedded: Communication - written through coursework and examination and oral in tutorial discussion. Independent study skills through the nature of the delivery mode. Business awareness through the efforts made to blend theory with the practical financial services environment.

Assessment (formative and summative)

Formative assessment incorporates an essay of around 2,000 words which covers learning outcomes 1 - 4 and is submitted in week 10. Summative assessment is an end of semester examination covering all learning outcomes n the module.

Research/teaching linkages

The students are encouraged to develop and use research skills in the preparation of the coursework and, in addition, the module content often assists in the completion of the dissertation module.

Suppor

Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Independent Learning Guided independent study 198
Face To Face Centrally Timetabled (Digital) Exam 2
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 30 FROM 1 - 5 8 HOURS= 0, WORDS= 2000
Centrally Time Tabled Examination 70 ALL 14/15 HOURS= 2, WORDS= 0
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100
2018/9, Trimester 2, Face-to-Face, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: Face-to-Face
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Malcolm Pettigrew
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
The module will be delivered by a combination of lectures and tutorials. The lectures will concentrate on the main regulations, international, regional and domestic affecting the financial services sector while the tutorial sessions will be used to allow students to develop their critical thinking skills by analysing and exploring the issues. A particular issue that will be developed to engage the students’ critical thinking is to examine the move from rules based regulation to principles based regulation.
Group work will be used within the tutorial sessions to develop the students reasoning skills and allow them to examine and discuss how organisations should comply with the regulations whilst managing the costs and benefits to the organisation of doing so. Students will also be required to assess the impact of both international and regional regulation on domestic issues.
Assessment will be summative and formative through an essay to be submitted during week eight which will cover all learning outcomes. Feedback will be provided to students in order to assist examination preparation and performance. Further summative assessment will be through an examination at the end of the semester covering all learning outcomes (LOs 1-5).
As this is a rapidly developing area students will be required to develop their research and analytical skills by examining the current thinking on the topic as it is developed by the Bank for International Settlements, European Union and the domestic regulator such as the Financial Services Authority in the UK. This will require critical thinking as to how the different layers of regulation will affect the organisation and the management of the regulatory risks.
Current research and publications especially with regard to the management of regulatory risk will used as a focal point of discussion in tutorials with students required to undertake some primary research and background reading with regard to the issues being discussed.
The m

Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Practical classes and workshops 12
Independent Learning Guided independent study 162
Face To Face Centrally Timetabled (Digital) Exam 2
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 30 1 - 5 8 HOURS= 0, WORDS= 2000
Centrally Time Tabled Examination 70 1 - 5 14/15 HOURS= 2, WORDS= 0
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100
2018/9, Trimester 2, Blended, Edinburgh Napier University
Occurrence: 002
Primary mode of delivery: Blended
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Malcolm Pettigrew
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning and teaching methods including their alignment to LOs

This module is delivered in distance learning mode and study guides are made available to students which take them through the syllabus. Each learning outcome is allocated either one or two units in the study guide. Students work through the study guides which consist of a module text and a student guide with self-assessment questions and suggested answers. Support is provided by telephone, e-mail and through WebCT and there are three two-hour Saturday morning tutorials where these are viable and can be attended by students. Three study notes containing a review of each section of the syllabus along with specimen examination questions and answres are circulated to all students after the tutorials or at appropriate times where no tutorials take place. The overall structure endeavours to encourage students to understand how theory and practice can be linked and every piece of assessment requires students to demonstrate a good understanding of theory and then combine this in an appreciation of how that theory is or is not applied in practice.

Embedding of employability/PDP/scholarship skills

Key employability skills are embedded: Communication - written through coursework and examination and oral in tutorial discussion. Independent study skills through the nature of the delivery mode. Business awareness through the efforts made to blend theory with the practical financial services environment.

Assessment (formative and summative)

Formative assessment incorporates an essay of around 2,000 words which covers learning outcomes 1 - 4 and is submitted in week 10. Summative assessment is an end of semester examination covering all learning outcomes n the module.

Research/teaching linkages

The students are encouraged to develop and use research skills in the preparation of the coursework and, in addition, the module content often assists in the completion of the dissertation module.

Suppor

Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Independent Learning Guided independent study 198
Face To Face Centrally Timetabled (Digital) Exam 2
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 30 FROM 1 - 5 8 HOURS= 0, WORDS= 2000
Centrally Time Tabled Examination 70 ALL 14/15 HOURS= 2, WORDS= 0
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100

Description of module content:

The module will examine the changes in the regulatory environment both in the way regulation is conducted and controlled. Examples will be considered from alternative regulatory environments and analyse the implications and lessons that this has for the financial services market. In particular to evaluate and appraise the move from the concept of rules based regulation to principles based regulation. Evaluate the issues that are faced by organisations due to the more aggressive regulatory environment and the change in approach taken the regulators. The module will examine the main international and regional regulations such as the Basel II accord and EU directives. The implications and impact of these regulations on the domestic environment and analyse how organisations require to manage the regulatory risk at international, regional and domestic levels. The role and remit of the Financial Services Authority will be examined as an example of a domestic regulatory body with comparisons drawn from other countries. Money laundering regulation will be analysed and its implications for the banks and other financial services organisations. The module will then examine and appraise how organisations can manage compliance to the regulation and the risks involved to the organisation.

Learning Outcomes for module:

LO1: analyse the theoretical basis of financial regulation
LO2: examine the changes in the regulatory environment
LO3: compare and evaluate rules based and principle based regulation
LO4: critically assess how regulation will impact on the business
LO5: critically analyse the costs and benefits of regulation and how to manage regulatory risk effectively

Indicative References and Reading List - URL:
Regulatory Risk Management