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 ETHICS AND REGULATIONS IN FINANCE
Code ACFI230
Coordinator Dr G Giorgioni
Finance and Accounting
G.Giorgioni@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2020-21 Level 5 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

       12

17

 41
Timetable (if known)              
Private Study 126
TOTAL HOURS 167

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
Assessment 1: Group Poster Assessment Type: Coursework Duration: 15 minutes Weighting: 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous Ass  15 minutes    20       
Assessment 3: Individual Report case study or open problem Assessment Type: Coursework Size: 3000 Words Weighting: 50% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL p  -3000 words    50       
Assessment 2: Group Report case study or open problem Assessment Type: Coursework Size: 2500 Words Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalt  2500- words    30       

Aims

The aims of this module will be to provide students with the knowledge and skills to understand and critically evaluate the implications of ethical issues in the context of finance with particular reference to the CFA Institute Code of Ethics and the Standards of Professional Conduct.
The module will also aim at providing students with a critical understanding of the role, nature and implications of the current structure of regulation of banks and international financial markets.

Learning Outcomes

(LO1) Students will be able to understand the main issues of broad ethical principles concerning the obligations of employers and employees towards each other and towards their clients.

(LO2) Students will be able to evaluate and apply the CFA Institute Code of Ethics and Standards of Professional Conduct.

(LO3) Students will be able to critically evaluate the ethical issues, ethical practices and ethical dilemmas in the context of finance.

(LO4) Students will be able to evaluate the main regulations affecting the banking and the financial sector.

(LO5) Students will be able to critically analyse how regulation impacts on banks and the financial sector.

(LO6) Students will be able to evaluate the impact of the 2008 financial crisis on both ethics and regulations in the UK and internationally.

(S1) Adaptibility

(S2) Problem Solving Skills

(S3) Teamwork

(S4) Communication Skills

(S5) International Awareness

(S6) Lifelong Learning Skills

(S7) Ethical Awareness

Teaching and Learning Strategies

Teaching Delivery: Mixed, hybrid delivery, with social distancing on campus.

Teaching Method: Online asynchronous learning materials
Description: condensed videos that will be complemented by learning material not delivered via videos. These videos will most definitely take longer to “digest”. Additional videos will be very likely added as we go along to re-enforce or clarify issues. The module follows the principle of flipped classroom approach with very active learning supported by ad-hoc short videos.
Unscheduled Directed Student Hours: 5
Unscheduled Scheduled Hours: 12
Attendance recorded: No

Teaching Method - Seminar
Description: The seminar will be designed to allow time and space for meaningful discussion of topics related to ethical and regulatory issues. The module leader will take the role of facilitator and will support students in accessing and understanding essential information to topics, relevant theories and tools of analysis. Scheduled Directed Student Hours: 12
Attendance Recorded: Yes

Teaching Method – Group Study
Description : One hour weekly session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Student Hours: 12
Attendance Recorded: No

Self-Directed Learning Hours: 126
Description: These independent learning hours are aimed at supporting the directed student learning. The module leader will provide guidance in the form of suggested readings and topics to examine with the expectation that students are well prepared to contribute to the seminar activities. Self-Directed Learning will include research activity, developing academic writing skills, and wider reading to support the module.

Cost Information:
the cost of poster printing will be £12.50.

Syllabus
 

Professionalism Knowledge of the Law
Integrity of Capital Markets A. Material Non public Information
Duties to Clients
Duties to Employers
Investment Analysis, Recommendations, and Actions
Conflicts of Interest
Regulations of banks and financial institutions and markets

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