This module aims to develop knowledge and understanding of the regulation of banks, financial services, and FinTech in the UK. It will explore that regulation in its global and interdisciplinary contexts. The module will examine the history and structure of bank and financial services regulation in the UK and critically assess the principles and intellectual basis of those regimes. The module will include seminar-based study which will aim to develop students' knowledge of the subject matter through enquiry-based learning, practical case analysis, and presentations.
|Semester 2 2023-24
The module will introduce students to the regulation of financial services in the UK with a focus on banks, financial service providers, FinTech, and cryptocurrency. Students will be introduced to various economic and financial theories as well as a variety of different regulatory and financial concepts. Students do not need to be highly numerate to do well and there is no mathematics in this module. However, it IS interdisciplinary, and students will be expected to approach the material with an open mind.
Note, this is not a banking or financial services law module; whilst it includes legal aspects of financial supervision, its main focus will be regulatory and include discussion of economics theory, monetary theory, finance and politics.
In detail this module will address the following:
The Module Learning Outcomes (MLOs) are the foundation of the Module and everything you do in the Module will in some way or other relate to the MLOs. You are assessed by reference to the extent to which you have met the MLOs and therefore you must always bear these in mind when you undertake self-directed learning. When engaging in the small session tasks and completing the assessment you must always try to relate your work to the MLOs in some way.
MLOs are expressed in a manner which indicates what you should be able to do at the end of the module. The assessment will be aimed at demonstrating how you have met the MLOs.
The MLOs state that when you finish this module you should be able to:
1. The capacity to interpret and assess competing viewpoints and to use those viewpoints to formulate critical arguments concerning law and regulation, insofar as they are relevant to the principles of bank and financial services regulation (MLO1)
2. the ability to engage in and cultivate reasoned legal argument, by way of both oral and written presentation (MLO2)
3. the ability to produce (by a specified deadline) a concise and appropriately structured essay addressing a key issue of the candidate’s choosing (MLO3)
4. the ability to think independently and to use one’s initiative in developing legal ideas and research into financial regulatory issues (MLO4).
|% of module mark
|% of module mark
Feedback is by way of an individual feedback sheet presented to each student, in the timeframe stipulated by the University
J Cullen, Executive Compensation in Imperfect Financial Markets (Elgar 2014)
J. Armour et al. Principles of Financial Regulation (OUP 2016)
I. Chiu & J. Wilson, Banking Law and Regulation (OUP 2019)
Vandezande N, Virtual Currencies: A Legal Framework (Intersentia 2018)