N/A

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 an analysis of 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 an analysis of 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 in the organisation.

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