| CODE | BKF2041 | ||||||||
| TITLE | Financial Services Law | ||||||||
| UM LEVEL | 02 - Years 2, 3 in Modular Undergraduate Course | ||||||||
| MQF LEVEL | 5 | ||||||||
| ECTS CREDITS | 4 | ||||||||
| DEPARTMENT | Banking, Finance and Investments | ||||||||
| DESCRIPTION | The course is intended to provide a broad overview of the principal laws which regulate financial services in Malta. It includes a discussion of the role of the Maltese regulatory authorities in this area and of the ways in which the legislator tries to balance the need to give service providers enough flexibility in which to operate whilst providing enough protection to investors and adequate safeguards against abuse of the financial systems. Study-Unit Aims: The study-unit aims at providing participants with an introductory course on financial services law. It provides a background on all the aspects related to financial services law, insider dealing, professional secrecy, investor protection, the rationale for regulating financial services. It is structured over fourteen lectures of two hours each. By offering this credit, the Banking and Finance Department of the University of Malta is confident that its graduates will be well equipped to study other more in-depth courses related to specific aspects of financial services law The Banking and Finance Department’s study-unit on financial services law is unique. It is designed for students who would like to pursue a career in financial services, especiallly with regulatory authorities or in a complaince function. The financial services law study-unit provides detailed knowledge together with practical skills so that students are able to fulfill their responsibilities more efficiently and effectively once they embark on their profession. By drawing upon international best practice, it helps prepare students to adapt to the modern financial services practitioners’ environment. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: 1. Explain the theories related to financial services regulation; 2. Name the various ways how market players abuse the financial system; 3 Explain the rationale of investor protection; 4 List the various areas that financial services regulation try to tackle; 5 Describe the importance of professional secrecy and anti-money laundering and counter terrorism financing; 6 Identify the main Maltese and EU directives are used to regulate the Maltese Financial system. 2. Skills: By the end of the study-unit the student will be able to: 1. Estimate the risks that a typical bank is exposed to; 2. Compare financial services firms procedures to counter money laundering and counter terrorism financing; 3. Evaluate financial services firms strategies to counter insider dealing; 4. Assess the challenges that financial services firm encounter to comply with all the various financial services laws and regulatios; 5. Justify why financial services regulatio is needed; 6. Justify why investors need to be protected. Main Text/s and any supplementary readings: Suggested Text books: Relevant local and overseas legislation |
||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||
| METHOD OF ASSESSMENT |
|
||||||||
| LECTURER/S | Christopher Peter Buttigieg |
||||||||
|
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. |
|||||||||