Module Code: H9FR
Long Title Financial Regulation at work
Title Financial Regulation at work
Module Level: LEVEL 9
EQF Level: 7
EHEA Level: Second Cycle
Credits: 5
Module Coordinator: CORINA SHEERIN
Module Author: DAVE CORMACK
Departments: School of Business
Specifications of the qualifications and experience required of staff  
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Demonstrate a critical awareness of how financial service providers are regulated both at a domestic and European level and differentiate between the roles of key regulatory bodies.
LO2 Examine domestic and international current regulation and legislation governing the Financial Services sector.
LO3 Critically evaluate how financial regulation and legislation impacts on customer relationships, customers and market segments in which Irish Financial Institutions operate.
LO4 Scrutinize the standards of conduct and competence imposed by the Central Bank on individuals who are, or who are employed by, regulated financial service providers.
LO5 Evaluate the key provisions of relevant commercial and anti-money laundering legislation and rules that apply to financial services.
LO6 Examine compliance obligations arising for regulated financial services providers
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is required before enrolment on this module. While the prior learning is expressed as named NCI module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Entry requirements

There are no additional entry requirements for this module.  The programme entry requirements apply. 
 

Module Content & Assessment

Indicative Content
Regulatory Bodies (Week 1-3)
• European Central Bank • European System of Financial Supervision o European Insurance and Occupational Pensions Authority (EIOPA), o European Banking Authority (EBA), o European Securities and Markets Authority (ESMA) o European Systemic Risk Board (ESRB) • Central Bank of Ireland • National Treasury Management Agency • National Asset Management Agency • National Consumer Agency • Data Protection Commissioner • Office of the Director of Corporate Enforcement • Irish Auditing and Accounting Supervisory Authority • The Financial Service Ombudsman
Sectoral Regulation (Week 3-5)
• Credit Institutions; o Licensed banks o Building Societies o Banking crisis legislation o Credit Unions • Insurance • Investment Firms o Regulated Markets in Financial Instruments o Authorised under the Investment Intermediaries • Funds • Market Supervision o Market Abuse, Transparency and Prospectus content. • Payment Service Providers • Insurance/ Reinsurance Intermediaries • Mortgage Intermediaries & Licensed Moneylenders • Other regulated businesses
Anti - Money Laundering/Terrorist Financing (Week 6)
• Applicable law • Obligations on designated bodies • Enforcement and penalties • European and international framework
Competence, Fitness and probity (Week 7)
• Standards • Application • Controlled functions • Investigations • Suspensions • Corruption • Whistleblowers
Data Protection (Week 8-9)
• Privacy Law • Principles and Processing of Personal Information • Rights of data subjects • Enforcement and Remedies • EU proposals
Commercial Law (Week 10-13)
• Formation of a contract, essential terms (including insurance principles), matters affecting validity, termination • Commercial entities including the creation and obligations of agents • Rules regarding the provision of services, discrimination, unsolicited Communications, distance marketing • Consumer protection and Code • Consumer credit • Duty of care and negligence • Company law • Directors Duties (fiduciary, statutory and common law) and liabilities. • Sanctions imposed on delinquent directors • Role of Auditor and liability
Assessment Breakdown%
Coursework40.00%
End of Module Assessment60.00%

Assessments

Full Time

Coursework
Assessment Type: Continuous Assessment % of total: 40
Assessment Date: n/a Outcome addressed: 1,2
Non-Marked: No
Assessment Description:
The continuous assessment for this module is based on a relevant case study or research project which will require the learner to demonstrate their specialist knowledge in discrete subject areas and develop their ability to see connections and craft cross-disciplinary solutions. Learners are required to analyse the case and /or publications in detail and carry out extensive research and review of academic literature and other relevant financial sector reports and publications. They will be required to present a report on their analysis, findings and conclusions, as specified by the lecturer. Generally, the continuous assessment will have a topical dimension, with a view to linkage to participants’ existing or anticipated working life. Individual feedback is provided to each learner on foot of their Continuous Assessment performance. Students must complete a quantitative based assessment
End of Module Assessment
Assessment Type: Terminal Exam % of total: 60
Assessment Date: End-of-Semester Outcome addressed: 3,4,5,6
Non-Marked: No
Assessment Description:
Assessment consists of a two-hour examination on completion of the Module where learners are presented with five questions, of which they must answer three. The questions may require them to analyse a particular set of facts or legal and/or regulation problems using their understanding from what they have assimilated from the course and associated study, including own experience. Learners may also be required to analyse and/or critically examine relevant legislation, cases or legal principles. Learners are marked according to the clarity, structure and presentation of their answer, and the use of appropriate and relevant case-law and legislation which support their answer. Learners should be able to show extensive reference to their own reading and research in the area.
No Workplace Assessment
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.
Reassessment Description
Repeat assessment of this module will consist of a repeat examination which will test all the learning outcomes.

NCIRL reserves the right to alter the nature and timings of assessment

 

Module Workload

Module Target Workload Hours 0 Hours
Workload: Full Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture Classroom and demonstrations 24 Per Semester 2.00
Directed Learning Directed e-learning 24 Per Semester 2.00
Independent Learning Independent learning 77 Once per semester 6.42
Total Weekly Contact Hours 4.00
Workload: Part Time
Workload Type Workload Description Hours Frequency Average Weekly Learner Workload
Lecture No Description 2 Every Week 2.00
Assignment No Description 4 Once per semester 0.33
Independent Learning Time No Description 4.5 Once per semester 0.38
Total Weekly Contact Hours 2.00
 

Module Resources

This module does not have any book resources
Recommended Article/Paper Resources
This module does not have any other resources
Discussion Note: