ICM138-Strategic Approaches to 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: Miss Lisa Schopohl

Email: l.schopohl@icmacentre.ac.uk

Summary module description:

This module enables students to develop a nuanced, advanced understanding of the topical challenges associated with the development of the financial sector including the evolution of complex structures, instruments, markets and enhanced consumer choice. It will then evaluate the challenges posed to regulators by changes to industry structure, business strategy and risk appetite. 


Aims:
This module aims to develop regulatory insights into overarching and strategic challenges that regulated financial entities are exposed to and relates these topics to the stakeholder protections that are required.

Assessable learning outcomes:

Additional outcomes:

Outline content:
In the wake of the global financial crisis (2007), it has become increasingly clear that regulators must have an incisive and wide-ranging understanding of financial firms’ business models and their overarching strategic choices in the context of governance arrangements and the risk transmission mechanisms across the economy. There is also a need to develop regulatory foresight as the problems of the past are not necessarily repeated in the same format in future crises although there are often common themes that may recur. This module enables students to develop a nuanced, advanced understanding of the topical challenges associated with the development of the financial sector including the evolution of complex structures, instruments, markets and enhanced consumer choice. We will evaluate the challenges in the financial sector in respect of changes to industry structure, business strategy and risk appetite. We will also examine the concerns associated with increased financialisation, heightened technological interconnectivity, and legal and financial arrangements that facilitate opacity of beneficial ownership and the proliferation of inappropriate incentivisation, which in turn result in diminished accountability and the pooling of risks globally in potentially dangerous ways. These topics are discussed keeping in mind the broader regulatory agenda of promoting responsible consumer choice and ensuring stable, competitive markets that allow self-correction in many instances.

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 assignment including essay 100

Other information on summative assessment:

Formative assessment methods:
Henley weekend as per programme specification.

Penalties for late submission:

In accordance with university policy.
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:

Requirements for a pass:
50% weighted average mark.

Reassessment arrangements:

Additional Costs (specified where applicable):

Last updated: 31 March 2017

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