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 |
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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 |
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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 | 50 | ||||
Individual essay Reassessment Opportunity: new assignment with the same brief. Penalty for Late Submission: Standard UoL penalty applies Anonymous Assessment: Yes | 0 | 50 |
Aims |
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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 |
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(LE1) Commercially aware. |
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(LE2) Ethically aware. |
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(LE3) An excellent verbal and written communicator. |
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(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. |
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(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. |
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(LO3) Students will be able to explain the regulatory structure as it impacts on financial markets internationally. |
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(LO4) Students will be able to evaluate the impact of financial crises on the development of regulation. |
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(LO5) Students will be able to explain the nature and role of ethics within financial services and apply ethical approaches to practical industry scenarios. |
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(LRE1) Flexible and adaptable. |
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(LRE2) A problem solver skills. |
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(LRE3) Organised and able to work under pressure. |
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(LRE4) Internationally aware. |
Teaching and Learning Strategies |
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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 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 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 Self-directed learning hours: 128 hours |
Syllabus |
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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 |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |