ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title FINANCIAL REGULATION AND ETHICS
Code BLIM507
Coordinator Mr ZP Petrou
Finance and Accounting
Z.Petrou@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ First Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 12

 6

       12

6

 36
Timetable (if known) 60 mins X 1 totaling 12
  		60 mins X 1 totaling 6
  		      60 mins X 1 totaling 12
60 mins X 1 totaling 6
  		 
Private Study 114
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When): 1  24 hours    70       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Presentation plus accompanying written submission There is a resit opportunity: Individual written assignment. Standard UoL penalty applies for late submission. This is not an anonymous assessment  20 minutes and 3000     30       

Aims

To provide an understanding of the role and nature of regulation in the international financial markets;

To explore the changing nature of regulation, the benefits and the challenges, through the lens of the recent global banking crisis;

To identify specific recent regulation that impacts on financial markets internationally as a result of initiatives announced by global bodies such as the G20;

To explain the ethical responsibilities required by the CFA Institute Code of Ethics and the Standards of Professional Conduct and to demonstrate the application of the Code and Standards;

To appraise and evaluate practical regulatory and ethical issues that require knowledge of the regulatory landscape and application of an ethical framework.

Learning Outcomes

(LO1) Explain the structure of the CFA Institute Professional Conduct Program and the process for the enforcement of the Code and Standards in uncertain contexts;

(LO2) Apply, and critically appraise, the six components of the Code of Ethics and the seven Standards of Professional Conduct;

(LO3) Explain and evaluate the ethical responsibilities required by the Code and Standards, including the sub-sections of each Standard;

(LO4) Explain the regulatory structure as it impacts on financial markets internationally;

(LO5) Evaluate the impact of financial crises on the development of regulation;

(LO6) Explain the nature and role of ethics within financial services and apply ethical approaches to practical industry scenarios.

(S1) Adaptability

(S2) Problem solving skills

(S3) Commercial awareness

(S4) Teamwork

(S5) Organisational skills

(S6) Communication skills

(S7) International awareness

(S8) Lifelong learning skills

(S9) Ethical awareness

Teaching and Learning Strategies

Hybrid delivery, with social distancing on campus.

1 hour online asynchronous learning per week x 12 weeks
1 hour face-to-face synchronous lecture per week x 12 weeks
1 hour face-to-face seminar every other week x 6 weeks
1 hour face-to-face peer-to-peer learning every other week (unscheduled) x 6 weeks
Self-directed learning x 114 hours

Videos and other interactive learning resources, replacing face-to-face lectures in the hybrid delivery mode will be made available on Canvas;

Any announcements relating to the course will be made via Canvas;

Any additional material or readings will be made available via Canvas;

Discussion forums will be made available on Canvas;

Practice questions and answers will be made available on Canvas.

Syllabus
 

The role and nature of financial regulation;

Regulation through the lens of the GFC;

Internationally enacted financial regulations;

Professional standards of practice;

Ethical practices.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.