ICM131-Stakeholders and the Business of Finance

Module Provider: ICMA Centre
Number of credits: 20 [10 ECTS credits]
Level:7
Terms in which taught: Autumn term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Dr Anthony Moore

Email: t.moore@icmacentre.ac.uk

Summary module description:

This module seeks to establish a wide-ranging, substantive foundation for the study of financial regulation through developing a strategic understanding of the financial sector’s landscape, the business and underlying activities of a broad range regulated financial entities and the allied risks as evaluated from a stakeholder perspective.


Aims:
This module seeks to establish a wide-ranging, substantive foundation for the study of financial regulation through developing a strategic understanding of the financial sector’s landscape, the business and underlying activities of a broad range regulated financial entities and the allied risks as evaluated from a stakeholder perspective.

Assessable learning outcomes:

Additional outcomes:

Outline content:
This module begins by exploring the overarching architecture of the financial sector. Students will then study the theoretical basis for, and practical aspects of the strategies, architecture and business models across different types of regulated financial entities. We will also briefly review any topical unregulated sub-sectors within the industry where required. Typical regulated entities’ activities will be juxtaposed against the theories of intermediation so as to tease out the true underlying functions of different business practices. Drawing upon scholarship exploring modern financial businesses, we will examine the position of the regulated entity within complex business structures and develop a broad knowledge of the range of financial activities, some of which may lie well outside the classic remits and traditional expectations for a particular sub-sector or type of firm. This sets the foundation for an exploration of the gamut of risks that arise from business choices and importantly, how these risks can be recognised, evaluated and addressed. Our study will step beyond a simple discussion of costs or problems to just firms or investors, and encompass a broader, holistic discussion of risks for stakeholders in a variety of environments and circumstances, integrating the analysis of the interactions between different types of risks. The module also draws upon the rich lessons provided by recent and past crises to thus develop a nuanced recalibration of our understanding of the theories of finance, intermediation and risk. Through practical case studies and rigorous analytical learning we will thus draw out how, when and why regulated entities’ governance, strategies, structure, culture and conduct present crucial questions that must be considered carefully alongside the ever-present challenges of competition, safety, stability and soundness.

Brief description of teaching and learning methods:

Contact hours:
  Autumn Spring Summer
Lectures 20
Seminars 8
Guided independent study 172
       
Total hours by term 200.00
       
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written exam 60
Written assignment including essay 40

Other information on summative assessment:

Formative assessment methods:
Henley weekend as per programme specification

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Length of examination:
2 hours closed book written examination

Requirements for a pass:
50% weighted average mark

Reassessment arrangements:
By written examination only, as part of the overall examination arrangements for the MSc programme.

Additional Costs (specified where applicable):

Last updated: 31 March 2017

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