Financial Services Compliance
Rhedir gan Bangor Business School
15.000 Credyd neu 7.500 Credyd ECTS
Trefnydd: Mr Ian Roberts
Regulatory compliance in the financial services industry is an obligation, legal requirement and not optional. Therefore it is essential that all senior management comprehend the impact of the regulatory environment and the consequent opportunities and threats that can arise from this area. This module will provide students with a strategic overview and critical understanding of the UK’s financial services regulatory environment and how regulatory risks should be managed for the benefit of both firms and the industry.
The module is divided into three units covering the core requirements for understanding the regulatory environment, who and what influences what is done and the role of the regulator, their objectives and methodologies for achieving them. The role of the compliance function / compliance officer, activities, accountabilities and skills required and how they should endeavour to create a compliance culture, an environment where regulatory compliance is understood and actively used to improve a firm’s performance; and finally, how compliance, risk management and corporate governance work as interrelated disciplines to not only provide essential regulatory assurance to the firm, but also to further improve the firm’s overall performance.
B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills.
Understands most but not all o Evidence of background study o Focussed answer with good structure o Arguments presented coherently o Mostly free of factual errors o Some limited original interpretation o Well known links between topics are described o Problems addressed by existing methods/approaches o Good presentation with accurate communication
Excellent standard: 70+ An outstanding performance, exceptionally able. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills.
c- to c+ (50-59%): marginal failing yet compensatable work No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives.• Knowledge of key areas/principles only; • Weaknesses in understanding of main areas; • Limited evidence of background study; • Answer only poorly focussed on question and with some irrelevant material and poor structure; • Arguments presented but lack coherence; • Several factual/computational errors; • No original interpretation; • Only major links between topics are described;
Appraise and justify the significant benefits to an organisation of effective regulatory compliance
Recognise, comprehend and defend the place and role of compliance within the organisation and strategic management functions.
Comprehend, evaluate, appreciate and assimilate the scope and constraints imposed by law and regulation in financial services industries.
Understand and evaluate the objectives of regulation and methodologies employed by regulators to meet these objectives.
Describe, explain and indentify the accountabilities and objectives of a Compliance Function and the skills required by the individuals to facilitate achievement of these objectives.
|Individual Research Assignment||100.00|
Strategaeth addysgu a dysgu
This module is to be delivered in blended learning format. Students will receive a detailed study pack comprising three units of self study. There will be mandatory periods of asynchronous online teaching together with online virtual workshops. Students will also be expected to work together in online groups on pre-assigned topics.
Three seminars of one hour are provided through the web-ex system. Three seminar web-ex sessions are provided to allow students to engage with the materials in a live internet based session over the Web-ex platform this is designed to encourage student interaction and discussion of study materials and module aims.
At least 5 hours of lectures provided on line and some lectures also provided in the class room for those students attending the bi-annual teaching sessions at the management centre - all lectures are recorded. These lectures are also supplemented by vidoes introducing and summarising the different elements of the module which total to a further hour of discussion
- Llythrennedd - Medrusrwydd mewn darllen ac ysgrifennu drwy amrywiaeth o gyfryngau
- Archwilio - Gallu ymchwilio ac ystyried dewisiadau eraill
- Dadansoddi Beirniadol & Datrys Problem - Gallu dadelfennu a dadansoddi problemau neu sefyllfaoedd cymhleth. Gallu canfod atebion i broblemau drwy ddadansoddiadau ac archwilio posibiliadau
- Cyflwyniad - Gallu cyflwyno gwybodaeth ac esboniadau yn glir i gynulleidfa. Trwy gyfryngau ysgrifenedig neu ar lafar yn glir a hyderus.
- Dadl - Gallu cyflwyno, trafod a chyfiawnhau barn neu lwybr gweithredu, naill ai gydag unigolyn neu mewn grwˆp ehangach
- Hunanymwybyddiaeth & Ystyried - Bod yn ymwybodol o'ch cryfderau, gwendidau, nodau ac amcanion eich hun. Gallu adolygu ,cloriannu a myfyrio'n rheolaidd ar eich perfformiad eich hun ac eraill.
Sgiliau pwnc penodol
- An appreciation of the nature of the contexts in which finance can be seen as operating, including knowledge of the institutional framework necessary for understanding the role, operation and function of markets and financial institutions (e.g. the economic, legal, regulatory and tax environment, both national and international; the firm; the capital markets and the public sector).
A module reader provided to students
Textbook (supplied to students)
A Collection of Articles, provided in collaboration with the Journal of Business Compliance
Additional Readings – not included in this pack There are 7 additional readings available in Blackboard for this module. Note that where lengthy documents have been suggested, it is recommended that students focus predominantly on the introduction or overview rather than read the entire paper which in some cases may run to more than a 100 pages.
Cyrsiau sy’n cynnwys y modiwl hwn
Opsiynol mewn cyrsiau:
- N3BN: MBA Chartered Banker year 1 (MBA/CBDL)