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 REGULATION AND ETHICS
Code ECON824
Coordinator Dr X Fu
Finance and Accounting
Xi.Fu@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 24

5

        29
Timetable (if known)              
Private Study 121
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Examination There is a resit opportunity. Standard UoL penalty applies for late submission. This is an anonymous assessment. Assessment Schedule (When) :Semester 1  120 minutes.    70       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Group Assignment There is a resit opportunity. Standard UoL penalty applies for late submission. This is not an anonymous assessment. Assessment Schedule (When) :Semester 1  3000 words    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

(S2) Problem solving skills

(S3) Commercial awareness

(S4) Ethical awareness


Teaching and Learning Strategies

Teaching Method 1 - Lecture
Description: Lectures will cover the wide range of material relevant to this module.
Attendance Recorded: No
Notes: Lectures will be interactive and participative. Students will be required to attempt questions within the lectures and feedback on those questions will be given.

Teaching Method 2 - Seminar
Description: Seminars will enable students to engage in discussion of issues related to topics introduced in lectures.
Attendance Recorded: Yes


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.