Introductory description
This module will focus on the law, policy and practice governing the regulation of the financial services industry in the UK, post the financial crisis.
Module web page
Module aims
The financial services industry has experienced considerable regulatory reforms in recent years, post the financial crisis. This module will focus on the law, policy and practice governing the regulation of the financial services industry in the UK, post the financial crisis. It will specifically focus on the role and responsibilities of the new Prudential Regulation Authority and the Financial Conduct Authority under the Financial Services and Markets Act 2000; as amended by the Financial Services Act 2012. It will specifically look at: The rationale for a ‘twin peaks’ model of regulation; The regulation of banking and investment business; The responsibilities of regulated firms and senior management; and The PRA’s and the FCA’s powers to oversee the activities of the financial services industry.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
The rationale for regulation and supervision
Regulated Businesses & Persons
Authorisation & Supervision
Corporate Governance of Financial Firms
Enforcement Powers and Sanctions
Bank Resolution and Restructuring
Financial Firm Closures and Compensating Depositors and Investors
Learning outcomes
By the end of the module, students should be able to:
- Acquire an understanding of the difference between bank regulation and the investment business regulation. How the regulatory system seek to protect depositors and investors.
- Appreciate the key principles and issues associated with financial regulation namely authorisation, supervision, enforcement and the right to appeal
- Learn how to use the FCA online Handbook and other on-line resources
- Identify and use the sources of financial law and regulation
- Analyse key legal / regulatory text and case law
- Communicate effectively with their peers and work within teams and successfully collaborate within seminars.
- Be able to constructively engage with the arguments of peers.
- Identify and critically analyse key depositor and investor protection issues arising from legal rules and understand their wide-ranging relevance to modern society
- Formulate questions and engage in problem solving exercises.
- Make informed independent and reasoned judgments.
- Undertake independent research.
- Articulate arguments orally and in writing.
- Make productive links between theoretical ideas, policy issues and practical applications.
- Demonstrate advanced written and oral presentation skills.
- Understand how the FCA, Central Bank and HM Treasury work together to oversee the financial system
- Develop oral advocacy skills.
- Develop ability to utilise subject-specific research tools.
- The historical context to the regulation of the UK financial services industry.
- The students will get an understanding of why financial markets are regulated and how they are regulated.
Subject specific skills
No subject specific skills defined for this module.
Transferable skills
No transferable skills defined for this module.
Study time
| Type |
Required |
| Lectures |
18 sessions of 1 hour (12%)
|
| Seminars |
7 sessions of 1 hour (5%)
|
| Private study |
125 hours (83%)
|
| Total |
150 hours |
Private study description
125 hours of private study
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Students can register for this module without taking any assessment.
Assessment group B5
|
Weighting |
Study time |
Eligible for self-certification |
|
Online Examination
|
100%
|
|
No
|
|
This is a 2hr exam to be completed within the given 24hr period.
~Platforms - AEP
- Online examination: No Answerbook required
|
Feedback on assessment
Generic feedback via Moodle, with option for one to one feedback by student request in October.
Past exam papers for LA365
Courses
This module is Optional for:
-
UIBA-MN34 Law and Business Four Year (Qualifying Degree)
-
Year 3 of
MN34 Law and Business Studies Four Year (Qualifying Degree)
-
Year 4 of
MN34 Law and Business Studies Four Year (Qualifying Degree)
-
Year 2 of
ULAA-M130 Undergraduate Law
-
ULAA-M300 Undergraduate Law
-
Year 2 of
M300 Law
-
Year 3 of
M300 Law
-
ULAA-M105 Undergraduate Law (3 year) (Qualifying Degree)
-
Year 2 of
M105 Law (3 year) (Qualifying Degree)
-
Year 3 of
M105 Law (3 year) (Qualifying Degree)
-
Year 2 of
ULAA-M131 Undergraduate Law (4 Year)
-
ULAA-M106 Undergraduate Law (4 year) (Qualifying Degree)
-
Year 2 of
M106 Law (4 year) (Qualifying Degree)
-
Year 3 of
M106 Law (4 year) (Qualifying Degree)
-
Year 4 of
M106 Law (4 year) (Qualifying Degree)
-
ULAA-M104 Undergraduate Law (Year Abroad)
-
Year 2 of
M104 Law (Year Abroad)
-
Year 4 of
M104 Law (Year Abroad)
-
Year 2 of
ULAA-M132 Undergraduate Law (Year Abroad)
-
ULAA-M108 Undergraduate Law (Year Abroad) (Qualifying Degree)
-
Year 2 of
M108 Law (Year Abroad) (Qualifying Degree)
-
Year 4 of
M108 Law (Year Abroad) (Qualifying Degree)
-
Year 3 of
UIBA-MN31 Undergraduate Law and Business Studies
-
UIBA-MN32 Undergraduate Law and Business Studies
-
Year 3 of
MN32 Law and Business Studies (Four-Year)
-
Year 4 of
MN32 Law and Business Studies (Four-Year)
-
UIBA-MN37 Undergraduate Law and Business Studies (Qualifying Degree) with Intercalated Year
-
Year 2 of
MN37 Law and Business Studies (Qualifying Degree) with Intercalated Year
-
Year 4 of
MN37 Law and Business Studies (Qualifying Degree) with Intercalated Year
-
Year 5 of
MN37 Law and Business Studies (Qualifying Degree) with Intercalated Year
-
UIBA-MN35 Undergraduate Law and Business Studies with Intercalated Year (3+1)
-
Year 3 of
MN35 Law and Business Studies with Intercalated Year (3+1)
-
Year 4 of
MN35 Law and Business Studies with Intercalated Year (3+1)
-
UIBA-MN36 Undergraduate Law and Business Studies with Intercalated Year (4+1)
-
Year 2 of
MN36 Law and Business Studies with Intercalated Year (4+1)
-
Year 4 of
MN36 Law and Business Studies with Intercalated Year (4+1)
-
Year 5 of
MN36 Law and Business Studies with Intercalated Year (4+1)
-
Year 3 of
ULAA-ML33 Undergraduate Law and Sociology
-
Year 2 of
ULAA-M133 Undergraduate Law with French Law
-
Year 2 of
ULAA-M10A Undergraduate Law with French Law (Qualifying Degree)
-
Year 2 of
ULAA-M134 Undergraduate Law with German Law
-
Year 2 of
ULAA-M10C Undergraduate Law with German Law (Qualifying Degree)
-
Year 3 of
ULAA-M110 Undergraduate Law with Humanities (3 Year)
-
Year 2 of
ULAA-M136 Undergraduate Law with Humanities (3 Year)
-
Year 3 of
ULAA-M113 Undergraduate Law with Humanities (4 Year) (Qualifying Degree)
-
Year 2 of
ULAA-M115 Undergraduate Law with Social Sciences (3 Year) (Qualifying Degree)
-
UPHA-V7MW Undergraduate Politics, Philosophy and Law
-
Year 2 of
V7MW Politics, Philosophy and Law
-
Year 3 of
V7MW Politics, Philosophy and Law
-
Year 4 of
UPHA-V7MX Undergraduate Politics, Philosophy and Law (with Intercalated Year)
This module is Unusual option for:
-
UPHA-V7MW Undergraduate Politics, Philosophy and Law
-
Year 2 of
V7MW Politics, Philosophy and Law
-
Year 3 of
V7MW Politics, Philosophy and Law
This module is Option list A for:
-
Year 4 of
ULAA-M10A Undergraduate Law with French Law (Qualifying Degree)
-
Year 4 of
ULAA-M10C Undergraduate Law with German Law (Qualifying Degree)
-
Year 4 of
ULAA-M113 Undergraduate Law with Humanities (4 Year) (Qualifying Degree)
-
Year 3 of
ULAA-M115 Undergraduate Law with Social Sciences (3 Year) (Qualifying Degree)
This module is Option list B for:
-
ULAA-ML34 BA in Law and Sociology (Qualifying Degree)
-
Year 3 of
ML34 Law and Sociology (Qualifying Degree)
-
Year 4 of
ML34 Law and Sociology (Qualifying Degree)
-
Year 5 of
ULAA-ML35 BA in Law and Sociology (Qualifying Degree) (with Intercalated year)
-
Year 4 of
ULAA-ML33 Undergraduate Law and Sociology