COMPGF03 - Compliance, Risk and Regulation

Note: Whilst every effort is made to keep the syllabus and assessment records correct, the precise details must be checked with the lecturer(s).

It is highly recommended that students take COMPGS06 Financial Institutions and Markets (or it's equivalent) in term 1. Successful completion of Introduction to Securities and Investment run by the Chartered Institute for Securities and Investment is also a suitable prerequisite. If unsure, see the module tutor for further guidance.
Taught By
Donald Lawrence (100%) and industry practitioners
The module aims to familiarise students with what compliance departments do and why they have become a major topic in financial centres and the current and fututre roles of IT.
Learning Outcomes
Students will be able to understand the key functions of Compliance, Risk and Regulation departments, how they are likely to change in a more rules based environment, and what IT solutions might be employed.


Foundations of the compliance environment
The module will present the foundations of the compliance environment in a financial institution or financial department of a firm. We will examine what accounting and legal governance consider best practice, and what key functional roles are carried out, and the role of IT in these functions.
Market, credit and operational risk.
Examine the definitions, the key organisational rules, reporting structure, the best practice types of calculations, the regulatory requirements.
We will look at the major regulatory organisations in the US, UK, EU and Japan, what their individual responsibilities are, overlapping coverage, and what might slip through that overlap structure. What are regulators trying to do as the ratings agencies are accused of allowing the current collapse to occur?

Method of Instruction:

30 hours of lectures, 5 hours of industry guest speakers


The course has the following assessment components:

  • Written Examination (2.5 hours, 70%)
  • Coursework Section (3 pieces, 30%)

To pass this course, students must:

  • Obtain an overall pass mark of 50% for all sections combined


Crouhy/ Galai/ Mark, ‘The Essentials of Risk Management’, McGraw Hill 2006.