The Financial Regulation in the UK module will be of interest for students who wish to advance their understanding of public policy and compliance in financial services regulation, focusing on the investment markets.

US$42 per 365 days

 

What is Financial Regulation in the UK:

London has been one of the world's main international financial centers since the arrival of the Euromarkets in the 60s. With over 500 banks there, London is a leading international center for banking, insurance, Eurobonds, foreign exchange trading, and commodity trading. According to the Bank for International Settlements, financial services now account for almost 10% of the UK's GDP.

Of course, while having a prosperous banking industry is very beneficial to the UK economy, its size can be a threat to the economy should the industry be mismanaged. The recession that began in 2007 showed that the banking industry was indeed mismanaged in the years leading up to the recession. This mismanagement saw banks such as Northern Rock and the Royal Bank of Scotland, as well as building societies, being taken into public ownership to prevent their demise.

After the general election in 2010, it became clear to the UK's coalition government that, if the "City" in London was to maintain public confidence, the regulation of the industry needed an overhaul.

Why it is important:

This course explains the need for regulatory reform, and how that reform has taken shape in the UK. You will learn about the different organizations that have been established and their role in the regulation of the UK's financial industry.

You will explore the nature of these organizations, what their responsibilities are, and how they achieve their objectives. Finally, you will learn about how the Bank of England implements monetary policy and how it monitors financial stability.

What will you learn:

  1. Financial Regulation in the UK.
  2. Financial Supervision and Regulation in the UK.
  3. Bank of England.
  4. Financial Policy Committee (FPC).
  5. Prudential Regulation Authority (PRA).
  6. Financial Conduct Authority (FCA).
  7. Independent Commission on Banking Financial Stability in the UK.
  8. Monetary Policy in the UK.

Target audience:

Recruits to an institution’s middle and back offices, risk managers, research staff, sales and marketing executives, and compliance professionals.

Curriculum:

  1. Financial Supervision and Regulation in the UK
  2. Bank of England
  3. Financial Policy Committee (FPC)
  4. Prudential Regulation Authority (PRA)
  5. Financial Conduct Authority (FCA)
  6. Independent Commission on Banking
  7. Financial Stability in the UK
  8. Monetary Policy in the UK

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