FIN07007 2016 Compliance, Regulation and Ethics

General Details

Full Title
Compliance, Regulation and Ethics
Transcript Title
Compliance, Regulation and Ethics
N/A %
Subject Area
FIN - Finance
BUS - Business
07 - NFQ Level 7
05 - 05 Credits
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Clodagh Caslin
Programme Membership
SG_BFINA_H08 201600 Bachelor of Business (Honours) in Finance and Investment SG_BEMBE_G07 201600 Bachelor of Business Embedded Award BB L7 in Finance and Investment

The aim of this subject is for the student to have developed a good understanding of the nature of compliance, regulation and ethics in the financial services sector.

Learning Outcomes

On completion of this module the learner will/should be able to;


 discuss the benefits and disadvantages of regulation


describe the role of compliance  within an organisation


explain the importance of ethical behaviour in financial services


discuss numerous approaches to regulation


explain how the financial services sector is regulated in Ireland.


describe the main regulatory bodies operating in Ireland

Teaching and Learning Strategies

The student will engage with the content of the module through lectures, case studies, problem based learning and the use of interactive multi media tools.

Module Assessment Strategies

The continuous assessment will consist of one of the following:

  • Group project
  • Written assessment
  • Essay
  • Report

Repeat Assessments

Repeat examination only

Indicative Syllabus

Introduction:  Main financial services providers in Ireland. Consequences of financial instability in a country's financial markets,the purpose and benefits of regulation,actual or potential disadvantages of regulation, methods of regulation.

Compliance: concept of compliance, role of the compliance function within an organisation, role of the compliance officer, consequences of compliance breaches.

Ethics: meaning of ethical behaviour, importance of good ethical behaviour. areas of ethical issues in financial services such as conflict of interest, Chinese walls, insider dealing etc,the relationship between ethics and financial regulation, codes of ethics within the financial services industry  

Theory of regulation:  Why governments seek to regulate financial services companies, the types of regulation and supervision that exist i.e. statutory and non-statutory regulation, different approaches to regulation, the changing scope of regulation, regulatory failures.

Regulatory bodies in Ireland


Coursework & Assessment Breakdown

Coursework & Continuous Assessment
30 %
End of Semester / Year Formal Exam
70 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 ontinuous assessment will consist of one of the following: Group project Written assessment Essay Report on topical issue Continuous Assessment Assessment 30 % Any 1,2,3,4,5

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Written Exam Final Exam Closed Book Exam 70 % End of Term 1,2,3,4,5,6

Full Time Mode Workload

Type Location Description Hours Frequency Avg Workload
Independent Learning Not Specified Independent learning 3 Weekly 3.00
Lecture Flat Classroom Lecture 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 3.00 Hours

Required & Recommended Book List

Recommended Reading
2011-09-27 Business Ethics: How to Design and Manage Ethical Organizations Wiley
ISBN 0470639946 ISBN-13 9780470639948

Collin's Business Ethics: An Organization Systems Approach to Designing Ethical Organizations provides theoretical and practical information to help create organizations of high integrity and superior performance. The text offers ways to design organizations that reinforce ethical behavior and reduce risks. It's organized based on an "Optimal Ethics Systems Model" which includes ethical job candidates, decision making, training, officers and hotlines, leadership, work goals and performance appraisals, environmental management, and community outreach.

Early chapters present types of ethical issues organizations face, history of government regulation, the importance and extent of codes of ethics and conduct, an ethical decision-making framework, and the importance and extent of managing the natural environment and being a good corporate citizen - as well as new ideas and models.  In addition, Collins provides a much broader array of best practices in business ethics to immediately implement many of the management techniques. 

Module Resources

Non ISBN Literary Resources


URL Resources

Additional Information