Industry Regulation

Financial Services Regulation

On completion, the candidate should:

• know the primary function of the following bodies in the regulation of the financial services industry:
  • Securities and Exchange Commission (SEC)
  • Financial Conduct Authority (FCA)
  • European Union (EU)
  • International Organisation of Securities Commissions (IOSCO)
  • Securities and Commodities Authority (SCA)

Financial crime

On completion, the candidate should:

• understand the role of the Financial Action Task Force
• know the main offences associated with money laundering and the regulatory obligations of financial services firms
• know the stages of money laundering
• know the client identity procedures
• know the offences that constitute insider dealing and the instruments covered
• know the offences that constitute market abuse and the instruments covered

Corporate Governance

On completion, the candidate should:

• know the origins and nature of Corporate Governance
• know the Corporate Governance mechanisms available to stakeholders to exercise their rights
• understand the areas of weakness and lessons learned from the global financial crises of 2007/9