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 Markets, Financial Regulations and Ethics
Code ACFI824
Coordinator Dr Z Petrou
Finance and Accounting
Z.Petrou@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2024-25 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 20

 5

         25
Timetable (if known)              
Private Study 125
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Examination. Standard UoL penalties apply. Marked anonymously. There is a resit opportunity.  2    70       
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Group assignment. Standard UoL penalties apply. Marked anonymously. There is a resit opportunity.  0    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 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 of 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 of 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 of 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. Adaptability is demonstrated in assessments by reflecting on and responding to different financial environments in terms of how the regulatory and ethical standards may be consistently applied.

(S2) Problem solving. Students will be required to develop problem solving skills in lectures and seminars.

(S3) Commercial awareness. Students will develop commercial awareness through preparation for the written examination.

(S4) Ethical awareness. Students will develop ethical awareness through preparation for the written examination.

Teaching and Learning Strategies

2 hour lecture x 10 weeks
1 hour seminar x 5 weeks
125 hours self-directed learning

Syllabus
 

Basic concepts about financial markets;

Financial instruments traded in markets;

The role and nature of financial regulation;

Regulation through the lens of the global financial crisis;

Internationally enacted financial regulations;

CFA Institute Ethics and 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.