Regulation and Compliance LLM

Queen Mary University of London

The module provides students with a broad understanding of the importance of conducting business activities (both financial and non-financial) with fairness and integrity and how this is reflected in EU and UK law and supervisory powers. By making reference to real case studies, the module investigates the legal framework pertaining to bribes, market manipulation, and other malpractices and critically analyses its effectiveness taking also into account the deterrence effect, or lack thereof, of the sanctioning and prosecution regime. It then covers corporate social responsibility and sustainable/responsible investment to analyse if and how this can nudge change. The module will also touch upon the efficacy of the organizational requirements companies are obliged to have in place to prevent unethical conduct from happening and/or spreading.

Regulation covers virtually all significant aspects of modern life. It is here to stay but it remains as controversial as ever. This is an advanced foundational course on regulation. The module examines problems that are common to the regulation of a wide range of industries and fields and considers how these problems are (or fail to be) treated. In particular, the module considers the nature of regulation and its relationship with law, economics and politics, the regulation of risk, standard setting, compliance and enforcement strategies, the issues of accountability and legitimacy and the rise of multi-level governance and transnational regulation. Being ?problem-solving sensitive? but 'industry neutral', this module is an ideal complement to more narrowly-focused modules irrespective of choice of LLM Specialism.

Compliance in Global Markets examines the nature of compliance risk in various financial markets. The module details the market-making process and presents a broad overview of the regulatory environment. It introduces the core financial products in banking and their purpose. The module then explores financial markets with reference to the provision of compliance advice.

Compliance Systems in Practice examines the practical aspects of compliance in banking. The module reflects upon the historical conflicts of interest in banking and explores its underlying principles. It then presents an outline of the general and advisory functions of compliance as they relate to banking. Through a series of case studies the module then offers a broad inspection of the compliance matters emanating in practice.

The Regulation and Compliance Clinic is the opportunity for students to apply the skills and knowledge they acquire about regulation and compliance to a real life setting. In this this module, students will work with partners to (1) develop and hone their oral presentation skills; (2) develop and hone their written professional skills; and (3) understand and replicate how entities deal with regulatory issue. The Clinic blends problem based approach with hands-on experience.

This course covers different topics of economic analysis of regulation and compliance. The first part of the course focuses on the economic theory of regulations. The second part of the course investigates different regulated industries: environment, energy, telecom, and financial sector. Finally, the course discusses the economics of compliance and what happens when industries are deregulated.