ASSESSMENT QUESTION
Since 1999, the European Union (EU) has successively launched a number of regulatory initiatives aimed at ensuring an integration of EU financial markets and the
removal of legal barriers which hindered the provision of cross-border financial services activity across Europe. As a member state of the EU, the UK substantially
benefited from this signal market directive.
However, the UK voted to leave the EU on 23rd June 2016. As a result, the law establishing the regulatory framework in the UK would need to change. There would
possibly be a period of significant confusion as multinational financial service firms which use a London subsidiary need to decide how to restructure themselves and
decide how much of their operations to transfer elsewhere in the EU.
Moreover, leaving the EU gives the UK more freedom to make its financial regulations. As the recent debate between the Bank of England and the European Parliament on
banker bonus cap, such freedom deepens the concerns about financial regulation arbitrage.
The topic for your essay is: Evaluate the impact of Brexit on the UK and the EU’s financial regulation
GUIDELINES
Your essay should clearly demonstrate analytical, critical and evaluative skills and address all issues relevant to answering the specific topic stated above.
Evidence is expected of a wide background of reading and research, without which above average grades are unlikely. All references should be acknowledged (see Library
handout on reference styles – Harvard approach is strongly recommended). Good standards of written English and presentation are expected, and marks will be deducted if
standards are poor.
In summary, this essay should:
1) Show understanding of the importance of financial regulation;
2) Discuss the challenges in coordinating financial regulation between the UK and EU.
WORD INDICATION
This essay should be typed on A4 paper, 12 point font, 1.5 spacing and should be approximately 2000 words, excluding the reference page/s, bibliography and Appendices
if applicable.
Marks will be deducted for minimal or excessively wordy documents. Separate word counts should be displayed on the opening cover of each individual coursework. All
references should be acknowledged.
The essay should have attached the appropriate cover sheet with the student’s full name, student number, course, module number and title. Please keep a copy of the
essay for your own records.
PLAGIARISM
“Plagiarism is the practice of presenting thoughts, writings or other output of another or others as original, without acknowledgement of their source(s). All material
used to support a piece of work, whether a printed publication or from electronic media, should be appropriately identified and referenced and should not normally be
copied directly unless as an acknowledged quote. Text translated into the words of the individual student should in all cases acknowledge the source.”
Before submitting the work, you should check through it to ensure that:
• all material that has been identified as originally from a previously published source has been properly attributed by the inclusion of an appropriate
reference in the text;
• direct quotations are marked as such (using “quotation marks” at the beginning and end of the selected text), and
• a citation has been included in the list of references.
August Lecture note
Essay TIPS:
1. Differnet finance regulatory are being changed
2. Different fincane consequese are being changed
Relevant books
• Modern financial markets and institutions: a practical perspective – Arnold, Glen 2012 Book Chapter 15
• Financial Markets And Institutions – Frederic S Mishkin, Stanley G Eakins 2012 Chapter 18
Material Links
http://www.telegraph.co.uk/finance/comment/9529471/Regulators-must-shine-a-light-on-shadow-banking.html
http://uk.reuters.com/article/uk-shadow-banking-regulation-idUKBRE8AI0SJ20121119
http://news.bbc.co.uk/1/hi/business/7950758.stm
