General Course Information
1.1 Course details
| Course code: | LLAW3069 |
| Course name: | Regulation of Financial Markets |
| Programme offered under: | LLB Programme |
| Semester: | First |
| Designated research course: | No |
| Specialization: | Commercial, corporate and financial law |
| Prerequisites / Co-requisites: | Business Associations or equivalent |
| Course offered to non-law students: | Yes |
| Credit point value: | 6 credits |
1.2 Course description
This course addresses the nature and operation of financial markets and the role of regulation. Coverage, based on comparative analysis and international standards, will include major financial sectors (banking, securities, insurance), supporting legal and institutional structures, and current issues and trends. Core themes are: the nexus between finance, technology and regulation (FinTech and RegTech), competition between globalisation and fragmentation, and the role of finance in crises and sustainable development.
1.3 Course teachers
| Name | E-mail address | Office | Consultation | |
| Course convenor | Douglas Arner | douglas.arner@hku.hk | CCT 909 | By email |
1.4 Course Outline (for elective course)
| Please click the link here for the course outline (HKU Portal login required). |
Learning Outcomes
2.1 Course Learning Outcomes (CLOs) for this course
CLO 1 Have an understanding of the functioning and regulation of global financial markets, especially in major financial centres such as Hong Kong.
CLO 2 Understand the role of law, regulation and technology in global finance.
CLO 3 Be able to analyse major risks in global financial markets and regulatory responses.
CLO 4 Be able to critically discuss financial regulatory reforms addressing global finance.
2.2 LLB Programme Learning Outcomes (PLOs)
Please refer to the following link: https://course.law.hku.hk/llb-plo/
2.3 Programme Learning Outcomes to be achieved in this course
| PLO A | PLO B | PLO C | PLO D | PLO E | PLO F | |
| CLO 1 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CLO 2 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CLO 3 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CLO 4 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Assessment(s)
3.1 Assessment Summary
| Assessment task | Weighting | Feedback method* | Course learning outcomes |
| Class participation | 10% | 1, 2, 3, 4 | |
| Group presentation | 40% | 1, 2, 3, 4 | |
| Take home exam | 50% | 1 | 1, 2, 3, 4 |
| *Feedback method (to be determined by course teacher) | |
| 1 | A general course report to be disseminated through Moodle |
| 2 | Individual feedback to be disseminated by email / through Moodle |
| 3 | Individual review meeting upon appointment |
| 4 | Group review meeting |
| 5 | In-class verbal feedback |
3.2 Assessment Detail
To be advised by course convenor(s). See also Course Outline above.
3.3 Grading Criteria
Please refer to the following link: https://www.law.hku.hk/_files/law_programme_grade_descriptors.pdf
Learning Activities
4.1 Learning Activity Plan
| Seminar: | 3 hours / week for 12 teaching weeks |
| Private study time: | 9.5 hours / week for 12 teaching weeks |
Remarks: the normative student study load per credit unit is 25 ± 5 hours (ie. 150 ± 30 hours for a 6-credit course), which includes all learning activities and experiences within and outside of classroom, and any assessment task and examinations and associated preparations.
4.2 Details of Learning Activities
To be advised by course convenor(s).
Learning Resources
5.1 Resources
| Reading materials: | Reading materials are posted on Moodle |
| Core reading list: | TBA |
| Recommended reading list: | TBA |
5.2 Links
Please refer to the following link: http://www.law.hku.hk/course/learning-resources/