Module Code: |
H9FR2 |
Long Title
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Financial Regulations
|
Title
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Financial Regulations
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Module Level: |
LEVEL 9 |
EQF Level: |
7 |
EHEA Level: |
Second Cycle |
Module Coordinator: |
Rohit Verma |
Module Author: |
Andrea Del Campo Dugova |
Departments: |
School of Computing
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Specifications of the qualifications and experience required of staff |
Lecturer PhD/Master’s degree in a computing or cognate discipline. May have industry experience also.
Tutor PhD/Master’s degree in a computing or cognate discipline. May have industry experience also.
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Learning Outcomes |
On successful completion of this module the learner will be able to: |
# |
Learning Outcome Description |
LO1 |
Understand the knowledge that provides a basis or opportunity to be original in the development and / or application of ideas, often in a research context. |
LO2 |
Investigate and evaluate key concepts relating to financial and regulatory plumbing essential to support this economic activity. |
LO3 |
Contextualise and utilise current approaches, applications and technologies in order to develop empirical research |
LO4 |
Critically review the economic and financial evolution to financial regulation and FinTech |
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).
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No recommendations listed |
Co-requisite Modules
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No Co-requisite modules listed |
Entry requirements |
Programme entry requirements must be satisfied.
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Module Content & Assessment
Indicative Content |
Introduction to the Financial System
Financial and Financial Regulation
Components and structure of the financial system
The primary purpose of the financial system
The Strategies of Financial Regulation
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Financial Institutions and Trading in Financial Markets
Introduction to Risk vs Return, CAPM, Portfolio Theory, Commercial Banking, Capital requirements, Investment Banking, securities Trading, Insurance Companies and Pension Plans, The Rationale for Stock Exchange
The Markets, Long and Short Positions in Assets, Derivative Markets, Clearing Houses, Margin, Non-traditional Derivatives
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The Credit Crisis of 2007
The Roles of Information Intermediaries, Credit rating agencies, Security Analysts,
The US Housing Market, Structured Finance Weaknesses
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Quantitative Techniques I for
Financial Regulation
Compounding Frequencies for Interest Rates, Zero rates, Forward Rates and Zero-Coupon Yield Curves
Valuing Forward and Futures Contracts and Swaps and Credit Default Swaps
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Quantitative Techniques II for Financial Regulation
(with prescribed Measurement tools)
Valuing European and American Options
GARCH processes for measuring volatility
Gaussian Copula and Value at Risk
Credit Risk Measurement and Bank Balance Sheets
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Economic and Regulatory Capital Requirements
(International and EU Financial Regulation)
ICAAP (Internal Capital Adequacy Assessment Process) Basel I, Basel II, and Solvency II, Basel 2.5, Basel III, and Dodd–Frank, CRD IV and CRR. The Role of EBA and Central Banks.
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Insured Depository Institutions (Banks)
Economic Function of Commercial Banks. Why does a bank’s capital structure matter for financial stability? The Role of EBA and Central Banks.
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Securitization, “Shadow Banking” and Market-based Credit Intermediation
Securitization, Asset Management and Investment Funds: investment funds, investment banks, and structured financial products. The regulation of Securities within the EU.
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Measuring Financial Institutions Risk
Setting out the internal risk limits of Financial Institutions using Greeks
Interest Rate Risk: Swap rates, Duration, Asset Liability Management, Caps, Floors and Swaptions.
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MiFID and MiFID II. The regulation of Derivative Instruments (EMIR) and Dodd Frank
Centralised Counterparties. Investor protection and market transparency and more explicit regulations around investment and derivative products.
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FinTech
How are FinTech companies or platforms disrupting traditional financial services and institutions? How should FinTech be regulated? FCA, Regulatory Sandbox, https://www.fca.org.uk/firms/regulatory-sandbox
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Enforcement and Fining
A political economy account of bank fines since the GFC.
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Assessment Breakdown | % |
Coursework | 60.00% |
End of Module Assessment | 40.00% |
AssessmentsFull Time
Coursework |
Assessment Type: |
Formative Assessment |
% of total: |
Non-Marked |
Assessment Date: |
n/a |
Outcome addressed: |
|
Non-Marked: |
Yes |
Assessment Description: Formative assessment will be provided on the in-class individual or group activities. Feedback will be provided in written or oral format, or on-line through Moodle. In addition, in class discussions will be undertaken as part of the practical approach to learning. |
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Assessment Type: |
Continuous Assessment |
% of total: |
60 |
Assessment Date: |
n/a |
Outcome addressed: |
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Non-Marked: |
No |
Assessment Description: Student should write a series of short essays and develop a number of financial models standard in the Regulatory Landscape |
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End of Module Assessment |
Assessment Type: |
Terminal Exam |
% of total: |
40 |
Assessment Date: |
End-of-Semester |
Outcome addressed: |
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Non-Marked: |
No |
Assessment Description: End of term invigilated exam |
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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.
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Reassessment Description The repeat strategy for this module is by repeat terminal examination that covers all learning outcomes.
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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 |
Tutorial |
Mentoring and small-group tutoring |
24 |
Per Semester |
2.00 |
Independent Learning |
Independent learning |
202 |
Per Semester |
16.83 |
Total Weekly Contact Hours |
4.00 |
Workload: Blended |
Workload Type |
Workload Description |
Hours |
Frequency |
Average Weekly Learner Workload |
Lecture |
Classroom and demonstrations |
12 |
Per Semester |
1.00 |
Tutorial |
Mentoring and small-group tutoring |
12 |
Per Semester |
1.00 |
Directed Learning |
Directed e-learning |
24 |
Per Semester |
2.00 |
Independent Learning |
Independent learning |
202 |
Per Semester |
16.83 |
Total Weekly Contact Hours |
4.00 |
Workload: Part Time |
Workload Type |
Workload Description |
Hours |
Frequency |
Average Weekly Learner Workload |
Lecture |
Classroom and demonstrations |
24 |
Per Semester |
2.00 |
Tutorial |
Mentoring and small-group tutoring |
24 |
Per Semester |
2.00 |
Independent Learning |
Independent learning |
202 |
Per Semester |
16.83 |
Total Weekly Contact Hours |
4.00 |
Module Resources
Recommended Book Resources |
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Armour, Awrey, Davies et al:. (2016), Principles of Financial Regulation, Oxford University Press.
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John C. Hull. (2023), Risk Management and Financial Institutions (Wiley Finance),, 6TH ED. Wiley.
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Abad, Jorge. Shedding Light on Dark Markets, ESRB Occasional Paper Series, No. 11,, Frankfurt a. M, [ISBN: 978-92-95081-62-8].
| Supplementary Book Resources |
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Moloney, N. (2023), EU securities and financial markets regulation (Oxford European Union Law Library), 4TH ED. OUP Oxford.
| Recommended Article/Paper Resources |
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Zazzara. (2019), “The new OTC derivatives landscape:
(more) transparency, liquidity, and
electronic trading” Journal of banking
Regulation.
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Tarullo, Daniel K.. (2019), "Financial Regulation: Still
Unsettled a Decade after the
Crisis." Journal of Economic
Perspectives, 33 (1): 61-80..
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Iain Sheridan. (2017), MiFID II in the context of Financial
Technology and Regulatory Technology,
Capital Markets Law Journal, Vol. 12,
No. 4.
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Yeoh, Peter. (2019), "MiFID II key concerns."
Journal of Financial Regulation and
Compliance.
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Yuka Hayashi, Judge Denies. Federal Agency’s Authority to Issue
FinTech Bank Charters, Wall Street. Journal.
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Global Financial Stability Report April
IMF 2008.
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Global Financial Stability Report
October IMF 2009.
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Corporate Governance Requirements for
Credit Institutions (Code)Guidance on
Supervisory Interaction with Financial
Institutions on Risk Culture.
| Other Resources |
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[Website], Website,
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[Website], ESMA,
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[Website], ESRB,
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[Website], EBA,
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[Website], Basel Committee on Banking Supervision,
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[Website], European Banking Authority,
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[Website], Financial Stability Board,
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[Website], IMF,
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