LA365: FINANCIAL SERVICES REGULATION: LEARNING OUTCOMES
By the end of the module the
student should be able to:
How will the learning and teaching
methods enable students to achieve
this learning outcome?
Which assessment method will
measure the achievement of this
learning outcome?
1. The historical context to the
regulation of the UK financial
services industry.
2. Understand how the FSA, Central
Bank and HM Treasury work
together to oversee the financial
system.
3. The students will get an
understanding of why financial
markets are regulated and how
they are regulated.
4. Acquire an understanding of the
difference between bank regulation
and the investment business
regulation. How the regulatory
system seek to protect depositors
and investors.
5. Appreciate the key principles and
issues associated with financial
regulation namely authorisation,
supervision, enforcement and the
right to appeal.
Weekly reading will be set prior to each
lecture / seminar, including key articles and
book chapters and sections of the Financial
Services and Markets Act 2000 and the FSA
Handbook. Lectures will focus on the key
issues to be taken from the readings, and
will include question and answer sessions,
group exercises to test knowledge;
Seminars will include problem solving
exercises designed to test knowledge and
promote small group and independent
research and reflection.
The examination will be used to gauge
the students’ knowledge and
understanding.
Students will be set exercises to identify
key regulatory provisions and then solve
problems set by applying the regulatory
rules and guidance points the FSA have set
out in the FSMA 2000 and the Handbook
respectively.
The exam will test the ability to
undertake independent research, ability
to analyse key legal texts and case-law
and to construct written arguments
effectively.
Key Skills
1. Learn how to use the FSA online
Handbook and other on-line
resources
2. Identify and use the sources of
financial law and regulation.
3. Analyse key legal / regulatory text
and case law.
4. Communicate effectively with their
peers and work within teams and
successfully collaborate within
seminars.
5. Be able to constructively engage
with the arguments of peers.
Cognitive Skills
1. Identify and critically analyse key
depositor and investor protection
issues arising from legal rules and
understand their wide-ranging
relevance to modern society.
2. Formulate questions and engage in
problem solving exercises.
3. Make informed independent and
reasoned judgments.
4. Undertake independent research.
5. Articulate arguments orally and in
writing.
6. Make productive links between
theoretical ideas, policy issues and
practical applications.
Subject Specific / Professional
Skills.
1. Demonstrate advanced written and
oral presentation skills.
2. Develop oral advocacy skills.
3. Develop ability to utilise subjectspecific research tools.
The seminars will provide the students an
opportunity to provide verbal feedback on
the problems set and will enable them to
engage in discussion with their peers about
legal problems and solutions they propose.
Exercises in seminars and lectures and preseminar preparation, as described above
will develop the cognitive skills listed.
Exam will involve problem questions
which will test problem-solving abilities
and essay questions which will test
ability to articulate arguments
effectively.
Exercises in seminars and lectures and preseminar preparation, as described above
will develop the subject specific/profession
skills listed.
Exam will primarily test written
presentation skills and also assess
subject-specific research skills.
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