BTX5914 · Scandal: Risk, ethics and consequences in finance law

Overview

Regulation of financial officers, institutions, and markets continues to evolve in the face of numerous regulatory failures. There is increasing importance, therefore, for financial actors to comprehend the principles of risk management and regulation, as well as the ethical responsibilities that exist outside of regulatory constraint. Concerned individuals must engage in a robust examination and discussion of financial malfeasance and the legal consequences thereof. A greater understanding of the regulatory landscape empowers learners to evade regulatory pitfalls and further encourages innovative solutions to managing business risk. This unit introduces you to risk assessment, business ethics and finance law through the lens of multiple banking scandals. You will gain an understanding of the business concepts and principles under-girding financial regulations and attendant regulatory risk, the ethical duties of individuals and institutions in the financial world, and the consequences of malfeasance in various business contexts. You will also be introduced to the existing and proposed regulatory regimes and instruments (within and outside of Australia) growing out of these lapses. A range of case studies drawn from across different regulatory regimes will enable you to consider the practical, legal, ethical and regulatory issues in the rapidly changing world of finance.

Offerings

Assessment

The Handbook does not list a final examination among the assessment items. That is not a guarantee there is none.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

The Handbook lists no prerequisite, corequisite or prohibition for this unit.

Learning outcomes

1. communicate understanding of a variety of different international regulatory regimes in the finance and banking industry
2. describe the ethical responsibilities of individuals and institutions against the backdrop of regulatory failure
3. critically assess the causes of regulatory failure and the attendant consequences, both to victims of the malfeasance and to perpetrators
4. apply knowledge to evaluate how regulatory innovation can address particular business needs in light of the legal, ethical and regulatory issues presented.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.