MQM2RC06-Advanced Topics in Financial Regulation

Module Provider: ICMA Centre
Number of credits: 20 [10 ECTS credits]
Level:NA
Terms in which taught: Summer term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2021/2

Module Convenor: Ms Deepa Govindarajan Driver
Email: d.govindarajan@icmacentre.ac.uk

Type of module:

Summary module description:

This module is for students studying the MSc in Regulation and Compliance (Degree Apprenticeship) only.



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Aims:

This module encourages students to engage with some of the more complex and substantive dilemmas encountered by financial regulators (including strategic issues).

Assessable learning outcomes:

By the end of this module students should be able toÌý

1. 
   

   DiscussÌýthe competing priorities and dimensions at national and international levels from a regulatory perspective and how gaps : overlap/ underlap of regulatory objectives, log-rolling etc can result in stakeholder detrimentÌýÌý

   
   

2. 
   

   Recognise the effects of corporate governance and social psych ology, (including corporate psychology and culture)ÌýÌý

   
   

3. 
   

   Be able to articulate in a detailed manner the sources and consequences of lobbying, regulatoryÌýcaptureÌýand cognitive regulatory capture.ÌýÌý

   
   

4. 
   

   Engage with the needs of civil society understanding both objectives and prioritiesÌýÌý

   
   

5. 
   

   EvaluateÌýthe broader contextual factors affecting regulation such as real economic needs,Ìýfinancialisation, political will, unintended consequences of regulation and international dimensions to domestic problemsÌýÌý

   
   

6. 
   

   IdentifyÌýthe implications of regulatory resourcing – particularly in the context of regulatory accountabilityÌý&nbs p;

   
   

7. 
   

   ExplainÌýthe consequences of new regulatory initiatives and technologyÌýÌý

   
   

8. 
   

   DiscussÌýhow regulators can be held accountable and how this relates to conceptual and philosophical questions around regulationÌý

   
   

Additional outcomes:

Outline content:

This module explores advanced regulatory challenges in relation to regulated entities, markets, stakeholders and the regulator itself. Using insights from history, sociology, politics, strategy, international relations, law and psychology this module encourages students to engage with topics such as complexity, interconnectedness, domino effects, competing priorities, legal and financial engineering, incentives, positions of significant influence, lobbying, cognitive regulatory capture, suste nance of competition, political will, unintended consequences of regulation and international dimensions to domestic problems. Real economy implications, critical analysis of key issues, and considerations of responsibility and accountability will serve as a backdrop for the elaboration of conceptual and philosophical questions around real-world examples and circumstances. The module is heavily oriented to the practice of regulation; therefore study within this module will be animated by simulat ing realistic regulatory experiences using practical, topical examples, and by examining the evidence emerging from current and historical successes, failures and crises and their impact on stakeholders.

Brief description of teaching and learning methods:

Taught content for this module will primarily be delivered through lectures and syndicated learning, which will be delivered in four full-day sessions either at Henley Business School or at a central London location. Where appropriate materials and learning will also be shared through the Virtual Learning Environment (VLE) that is intended to facilitate and aid your learning journey within the MSc Programme

Summative assessment- Examinations:

One two hour closed book exam (weighted at 50% of the final mark)

Summative assessment- Coursework and in-class tests:

One 2,000 word coursework essay on a set topic, due the week following the final class.

Formative assessment methods:

Penalties for late submission:

Submission of coursework by your original deadline date or formally agreed extension to deadline date will not incur penalties.Ìý

Submission of coursework within 30 calendar days of your original deadline date (or formally agreed extension to deadline date) will incur a 10 marks reduction.Ìý

Submission of coursework more than 30 calendar days of your original deadline date (or formally agreed extension to deadline date) will incur a zero mark.Ìý

Assessment requirements for a pass:

50%

Reassessment arrangements:

Two hour closed book resit exam during the University resit period

Additional Costs (specified where applicable):

Last updated: 25 May 2021