Module title: Principles of Financial Regulation

SCQF level: 11:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: FIN11905
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 3, Face-to-Face, Edinburgh Napier University
Occurrence: 002
Primary mode of delivery: Face-to-Face
Location of delivery: HONG KONG
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Malcolm Pettigrew
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
The module is taught with a combination of lectures and tutorial sessions. The latter will include a focus on discussing the topical issues of the day with regard to financial regulation thus supporting and preparing students for submission of their report for assessment which is based on problems that occur due to regulatory failure and the lessons that have or can be learnt from these problems.

From an employability point of view, this requirement to analyse both historical and current issues will develop the students’ problem solving, communication and reasoning skills through the tutorials and will be formally assessed in the coursework.

Assessment will be primarily summative although, as the essay/report is submitted in week eight, feedback will be provided to students to assist them in their preparation for the examination. A formal exam will be used to assess the knowledge and understanding of the students on the main topics of the module. Both components will cover LOs 1-5 and the essay/report will also cover LO 6.

The module wili be supported through Moodle where students will be able to access the lecture slides and links to the main papers in the area of study.

In terms of internationalisation, the nature of financial services is that regulation is an international issue and cases will be drawn from a number of different countries at different stages of financial development in order to contextualise the different needs of regulation in given circumstances. Students will be required to consider and analyse the implications of international and regional regulations on the domestic market. The impact of the globalisation of financial services and institutions will be examined in the context for the need for the different regulatory regimes. As this is an evolving area the student will require to research current thinking and the research being conducted by various central banks as well the bank for International Settlements and this will be int

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 15
Face To Face Practical classes and workshops 12
Independent Learning Guided independent study 173
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Report 50 1-6 9 HOURS= 0, WORDS= 0
Centrally Time Tabled Examination 50 1-5 13 HOURS= 0, WORDS= 0
Component 1 subtotal: 50
Component 2 subtotal: 50
Module subtotal: 100

Description of module content:

The module will critically appraise the rationale for financial market regulation and evaluate the regulations in both developed and developing financial markets. Assess the impact of regulation on both the provider of financial services and the consumer by analysing the conduct of business procedures and regulations. Examine and appraise the move by regulators from procedure and rules based regulatory environment to a principles based regulatory environment and to discuss the rationale for this development. Evaluate the issues raised for regulators with the increasing globalisation of the financial markets and institutions and the increasing use of the Internet for the provision of financial services. Consider the appropriateness of the regulations of international banks and Internet transactions. Examine previous regulatory failures and appraise the lessons learnt and how these can be developed to inform future regulations while maintaining choice and competition for consumers of financial services.

Learning Outcomes for module:

LO1: understand the rationale for financial markets regulation
LO2: critically evaluate the regulatory regime in developed and developing financial markets
LO3: appreciate the arguments for and against financial deregulation
LO4: understand and critically evaluate the international aspects of regulation
LO5: evaluate the impact of the Internet on regulation practices
LO6: critically review cases of regulatory failure

Indicative References and Reading List - URL:

Please contact your Module Leader for details
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