FINANCIAL REGULATION AND FINTECH POLICY - 2025/6

Module code: LAW3138

Module Overview

This module provides an overview of financial regulation including regulation of banking, capital markets, payments and digital assets. Building on prior knowledge of private and public law, it introduces the regulatory frameworks for each of these areas and the policy considerations that animate regulatory policy. The module also examines the impact of financial regulation on emerging FinTech businesses and considers the ways in which new technology challenges traditional models of financial regulation.

Module provider

School of Law

Module Leader

DATOO Akber (Schl of Law)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 6

Module cap (Maximum number of students): N/A

Overall student workload

Independent Learning Hours: 68

Lecture Hours: 22

Tutorial Hours: 6

Guided Learning: 32

Captured Content: 22

Module Availability

Semester 2

Prerequisites / Co-requisites

N/A

Module content




    • History of Financial Services – Banking, Capital Markets and Insurance

    • International Financial Services Regulations and related economic theories

    • Capital Adequacy and Risk Management

    • Financial Services Corporate Governance

    • Bank Organisation and Structural Regulation

    • Misconduct and Financial Crime

    • Financial Services and Data

    • OTC Derivatives

    • Financial Technology

    • Al in Financial Services

    • Smart Contracts

    • Digital Assets

    • FinTech / RegTech / LegalTech




Assessment pattern

Assessment type Unit of assessment Weighting
Examination Online 4 HOUR ONLINE EXAM 100

Alternative Assessment

N/A

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate knowledge of the main features of important financial regulatory schemes and understanding of the theory of financial regulation and the ways in which financial regulation might be a barrier to technological innovation in financial services or impetus for adoption of FinTech. Students will develop writing and analytical skills vital for employability by analysing how financial regulations apply to fact-patterns and challenges for financial regulation posed by new technology in the digital age.

Thus, the summative assessment for this module consists of:
 

A 4 hour online examination to be completed during the exam period consisting of a choice of four questions with an overall word limit of approximately 2,500 words in total (addresses learning outcomes 1, 2, 3, 4, 5, 6 and 7) 

 




Formative assessment and feedback

The formative assessment will include questions in similar style to the summative assessment. Students will attempt a single question from the choices provided so that they can receive feedback in preparation for the summative.


Students will be provided with opportunities to receive written and/or oral feedback mid-semester on their formative assignment in order to prepare for the summative assessment. Formative essay questions will be of a similar type to those found on the final exam.

Module aims

  • Introduce the background to financial services and the importance of regulation for society and the economy
  • Guide an understanding of key relevant concepts in financial services regulation, such as consumer and investor protection, information asymmetry, and maturity transformation.
  • Develop an understanding of regulatory themes (such as risk management, capital adequacy, recovery and resolution, deposit protection, misconduct and anti-money laundering)
  • Introduce details of financial services regulation failures and the build an understanding of causes of such failures
  • Appreciate the tools available to financial services regulators to govern, oversee and supervise financial services
  • Evaluate the regulatory strategies used (with a specific focus in relation to investment banking and digital assets)
  • Consider the extent to which industry changes caused by areas such as DLT/blockchain, AI, Digital Assets and FinTech more generally are putting pressure on the existing approaches to financial regulation
  • Analyse the extent to which financial regulation is a barrier to or opportunity for applications of new FinTech

Learning outcomes

Attributes Developed
001 Explain the major regulatory regimes to which the financial services sector is subject KP
002 Analyse the market failures to which financial regulation responds and the strategies used to address these market failures KC
003 Apply financial regulations to fact patterns, especially those involving new technology in the financial sector, to draw relevant conclusions CPT
004 Evaluate the impact of technological change on major regulatory schemes relevant to the financial services industry CT
005 Explain how financial regulation can hinder, advance or shape the deployment of new technology in the financial sector KCP
006 Relate regulatory frameworks to ethical and policy questions implicated by these regulations KCP
007 Produce high quality persuasive writing T

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Methods of Teaching / Learning

The learning and teaching strategy is designed to: adopt a flexible learning approach, with a combination of mini-lectures, interactive discussions and group project work, delivered by academics with room for 1-2 visiting members of industry where appropriate. Teaching sessions will enable students to discuss problem questions and essay questions both with the instructor and in groups.

Instructors will use seminars to convey basic knowledge of the legal frameworks and of regulatory theory. This will be supplemented by in-depth discussion of controversial issues in regulatory policy, especially those related to the rise of FinTech and the digital economy more generally. Students must be resourceful in applying their knowledge of financial regulation and policy to analyse the interaction between financial regulation and FinTech both at the level of how the legal rules apply to new technology and at the level of how the legal rules should be changed in response to technological changes. This will develop students’ ability to do both legal and policy analysis, to see how the two forms of analysis are interrelated, and to communicate their findings in persuasive analytical writing.
 

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list

https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: LAW3138

Other information

Financial Regulation and FinTech Policy explores some of the most pressing public policy issues raised by the rise of the digital economy and the digitalization of financial services. Students will develop Digital Capabilities along multiple axis and consider how FinTech changes the context of financial regulation. Command of financial regulation is vital for Employability in the financial sector in a wide range of legal and non-legal roles. FinTech is one of the fastest growing areas of finance and understanding of this field is a great advantage in the contemporary economy. Students will need to consider the Sustainability of current trends in the financial sector and the ways in which financial regulation can make for a sustainable future. Applying their knowledge to some of the most fast-moving and challenging regulatory controversies will require students to demonstrate a high level of Resourcefulness and Resilience

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Law with International Relations LLB (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Law with Criminology LLB (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Law LLB (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Law (Law and Technology Pathway) LLB (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Law (Philosophy, Politics and Law Pathway) LLB (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Law (Law, Environment and Sustainability Pathway) LLB (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2025/6 academic year.