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 Institutions, Regulation and Ethics
Code MGTK753
Coordinator Dr J Yan
Finance and Accounting
Jiali.Yan@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 7 FHEQ Whole Session 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   6

      10

6

22
Timetable (if known)              
Private Study 128
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
             
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Individual video presentation Reassessment Opportunity: new assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: No  15 minutes    50       
Individual essay Reassessment Opportunity: new assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes  -2000 words    50       

Aims

This module aims to:

Provide students with an understanding of the role and nature of regulation in the international financial markets;

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

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

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;

Enable students to appraise and evaluate practical regulatory and ethical issues that require knowledge of the regulatory landscape and application of an ethical framework;

Provide students with the interdisciplinary skills required in business on sustainability issues and help them to apply the lasted academic theories on ESG issues into practice.< /p>


Learning Outcomes

(LE1) Commercially aware.
The subject matter will be delivered by reference to real-world events. Students will be required to demonstrate the implications and impacts of these events on these subject areas. Students will also be required to share their commercial experiences in group tasks, where appropriate.

(LE2) Ethically aware.
Our teaching, learning and assessment strategy ensures that all graduates are exposed to ideas of sustainable business practice and ethical awareness within the finance industry.

(LE3) An excellent verbal and written communicator.
Students will have opportunities to develop written and oral communication skills through virtual group discussions, online presentations and coursework.

(LO1) Students will be able to 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) Students will be able to apply, and critically appraise, the six components of the Code of Ethics and the seven Standards of Professional Conduct.

(LO3) Students will be able to explain the regulatory structure as it impacts on financial markets internationally.

(LO4) Students will be able to evaluate the impact of financial crises on the development of regulation.

(LO5) Students will be able to explain the nature and role of ethics within financial services and apply ethical approaches to practical industry scenarios.

(LRE1) Flexible and adaptable.
Students will understand that the finance sector is fast-changing and influenced significantly by worldwide events as well as technological advancements. The module will equip students with techniques, knowledge and confidence required to face these challenges through the use of varied learning and assessment methods used.

(LRE2) A problem solver skills.
Students will be challenged to think critically about financial institutions and ethical issues. They will do this by gathering and synthesising information, analysing alternative perspectives and options and presenting a considered opinion or course of action in their assessment.

(LRE3) Organised and able to work under pressure.
Students will be expected to plan scheduled work and meet assessment deadlines. This will be evident in the students’ independent management of their assignments and assessment deadlines.

(LRE4) Internationally aware.
Our teaching and research community is drawn from around the world and our students are exposed to business ideas and cultures from beyond the UK. Furthermore, online delivery will enable a collaborative approach with other practitioners from diverse international backgrounds, enabling a richer experience.


Teaching and Learning Strategies

This module will be delivered over an 8-week period, primarily through a series of e-lectures covering one key topic per week. These will be supported by individual online tasks and discussion forums for the purpose of helping students to further understand and apply key theories they learned from e-lectures. The discussion forums will be moderated by the module instructor. Students will also be provided with media clips to develop real-world understanding and application of subject matter. Students will also be directed to key academic and practitioner readings to further develop their learning.

Unscheduled Directed Student Hours: 10 hours
Description: The e-lectures will equate to 1.25 hours/week over an 8-week period, undertaken asynchronously.
Attendance Recorded: Yes, tracked via the learning platform.

Students will also undertake 6 hours of synchronous activity over the 8 weeks in order to develop understanding and appreciation of the industry practices of the subject matter. This will take place through group and individual support sessions which will be moderated by the module instructor.

Scheduled Directed Student Hours: 6 hours
Description: The group and individual support sessions will equate to 1.5 hours/fortnight over 8 weeks, undertaken synchronously. The date and time of the sessions will be confirmed at the start of the module. Recordings of these sessions will be made available to students who are unable to attend.
Attendance Recorded: Yes, tracked via the learning platform.

Additionally, students will form small learning groups and attend fortnightly e-seminars, where they will discuss with peers of key theories they learned from the lectures. E-seminars will be conducted via a discussion board led by the module instructor.

Unscheduled Directed Student Hours: 6 hours
Description: The e-seminars will equate to 1.5 hours/fortnight over 8 weeks, undertaken asynchronously.
Attendance Recorded : Yes, tracked via the learning platform.

Self-directed learning hours: 128 hours
Description: This will involve directed and independent reading, research into financial regulation and ethical business practices, and assessment preparation.


Syllabus

 

The role of financial institutions within financial markets.

Determination of interest rate.

Bonds and ethical issues in the credit rating industry.

Equities and risk-return tradeoff.

Efficient market hypothesis, insider trading, and behavioral finance.

Stock offering and related ethical practices.

CFA code of ethics and standards of professional conduct.

Impact of credit crisis on regulation.


Recommended Texts

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