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

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.