| CODE | BKF3093 | ||||||||
| TITLE | Governance and Regulations | ||||||||
| UM LEVEL | 03 - Years 2, 3, 4 in Modular Undergraduate Course | ||||||||
| MQF LEVEL | 6 | ||||||||
| ECTS CREDITS | 2 | ||||||||
| DEPARTMENT | Banking, Finance and Investments | ||||||||
| DESCRIPTION | This study-unit was designed by Dr. John Consiglio, around the writings of authors of the likes of Edward J. Kane who, using the classic Hegelian dialectic model, analysed and propounded his reality theory of the constant re-regulation process in any modern economy, Joseph J. Norton, whose ideas about the basic essential building blocks of the new international financial architecture (these are amply supported in several important writings in IMF publications), Barth, Caprio and Levine’s almost fatalistic acceptance of eternal regulation “till angels govern”, and Charles Goodhart’s more recent and quick summing up of the post-crisis regulatory scenario. Dr. Simon Grima, continued to develop the course and added a practical approach to Governance and Compliance. Adding areas such as compliance with Data Protection and Prevention of Money Laundering. These subjects are complimented with case studies taken from the real world and the lecturer's experience in the field. The idea of the study-unit is to give students an understanding of the spirit behind having regulations and on how to approach certain issues. The course deals with the international law-inspired approach and basic considerations necessary for the ongoing reconstruction of the new international financial architecture. It also deals with early warning systems, and certain regulatory requirements. The course is also intended to serve as early basic groundwork for students eventually following Course BKF4081 Banking Regulation 1. Coherence in a new International Financial Architecture 2. Corruption’s Undermining of Reform 3. Unfettered Discretion, Non-Transparency, Cronyism 4. Excessive Lending and Crisis 5. Data Protection 6. Emerging Markets and Lingering Problems 7. Transparency 8. Conflict of Interest 9. Standards 10. Legal Underpinning 11. Prevention of Money Laundering 12. Finance of Terorism – Peps 13. Ethical Behaviour in Practice 14. Practical cases of Legal Reform 15. Governance-Practical Issues 16. Other Study-unit Aims: The idea of this study-unit is to give students an understanding of the spirit behind having regulations. The course deals with the international law-inspired approach and basic considerations necessary for the ongoing reconstruction of the new international financial architecture. It also deals with early warning systems, and certain regulatory requirements. The study-unit is also intended to serve as early basic groundwork for students eventually following study-unit BKF4081 Banking Regulation. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Comprehend the nature of the problems in regulating and making regulations; - Understand why there is regulation; - Appreciate: a) Why the need to Regulate? b) How to Regulate? c) What is important when Regulating? d) What are the objectives..where do we want to arrive? e) Will regulation help us reach these goals? f) How to deal with Data Protection and How to prevent Money Laudering. 2. Skills: By the end of the study-unit the student will be able to: - Develop the skills required to understand the regulation and why they are needed; - Develop the skills to work as a regulator and in a compliance environment. Main Text/s and any supplementary readings: Main Text A Law Based Financial Services Architecture, by John A. Consiglio and Simon Grima, Pearson Education Limited 2012 ISBN 9781781343166. Other readings. |
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| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||
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| LECTURER/S | Michael Schembri |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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