Regulation
This semester begins with a focus on societal regulation, encompassing aspects of both capital markets and the broader financial services. It's imperative to understand that central governments or legislators employ legislation and regulation, among other tools, to impose order. The motives behind such regulations can range from addressing market failures to achieving socially or politically desirable outcomes.
From an economic standpoint, the once-cherished belief in an ideal free market economy—one devoid of regulation as championed by classical and neo-classical economic theories—has evolved. The financial crisis serves as a stark reminder, demonstrating the occasional need for governmental intervention in the financial sector.
Throughout the semester, lectures will delve deep into prevailing market regulation theories and the latest trends in this realm, drawing insights from renowned academic literature. Beyond the discussion of regulation, we'll also briefly explore the effectiveness of legislation from a sociological law perspective.
Supervision
In this part, we explore the intricate arena of market regulation, starting with an examination of supervision by authoritative bodies such as DNB, AFM, ACM, AP, and NZa. Drawing from a scholarly perspective, we explore the genesis and imperatives of market supervision, building upon the prior discussion on regulation. We also delve into the strategies employed by these supervisory authorities, outlining their core functions and responsibilities. A significant part of the discussion is dedicated to the scrutiny of culture and behaviour by DNB and AFM, shedding light on how insights from organisational and social psychology have shaped this domain. This segment serves as a benchmark, illustrating sophisticated supervisory practices that resonate well beyond the financial sector, across other European supervisory authorities and various institutional landscapes.
Enforcement
Moving to enforcement, we navigate through its theoretical underpinnings, drawing correlations with criminological insights, and further into its practical enactment by market and public supervisors. This section aims to bridge the gap between theory and practice, furnishing you with a balanced understanding of enforcement in a real-world setting.
Financial supervision and theme lectures
The discourse then extends to financial supervisory legislation and regulations, stressing that they don’t operate in isolation but are intertwined with the broader supervisory framework, especially in the post-financial crisis era where regulations have exponentially evolved on a global scale. A specific lecture delineates this evolution, followed by deeper dives into practical examples encompassing liability & duty of care, competition, and market abuse.
Benefits of Module 3 Compliance: Regulation, Supervision & Enforcement
By engaging with this module, you'll cultivate a more profound understanding of the motivations and backdrops of legislation and regulations. You’ll become adept at envisioning the supervision of organisations from a strategic and holistic lens, identifying pertinent (inter)national supervisory mechanisms, and understanding the enforcement of rules within an organisational purview. This learning experience empowers you to independently draft an enforcement policy and anchor it within an organisation, applying these newfound insights in your own work environment and beyond. Additionally, the knowledge acquired sets a solid foundation for extrapolating these learnings to a scientific research setting through essay writing, providing a thoroughbred understanding and application of these regulatory frameworks in both, a national and international context.
Discover the other modules
Executive Master of Compliance & Integrity Management
Module 1: People & Human Behavior