General Course Information
1.1 Course details
| Course code: | LLAW6093 / JDOC6093 (Class C) |
| Course name: | Regulation of Financial Markets |
| Programme offered under: | LLM Programme / JD Programme |
| Semester: | First |
| Prerequisites / Co-requisites: | No |
| Credit point value: | 9 credits / 6 credits |
| Remarks: | Students of LLM(CR) are not allowed to take this course. |
1.2 Course description
The objective of the course is to develop an understanding of the development of financial markets, the role and function of financial markets, their risks and international efforts to address those risks. The focus is, in particular, on regulatory designs and supervisory strategies deployed to address critical policy matters. The course does not aim at addressing substantive legal rules, but rather at equipping students with a conceptual map to critically examine the risks and issues underlying the development of stable and robust financial markets globally. Hence, the skills that will be developed through this course will include a deeper understanding of current policies, regulatory designs, and supervisory strategies.
1.3 Course teachers
| Name | E-mail address | Office | Consultation | |
| Course convenor | Angus Young | alyoung@hku.hk | CCT 301 | By email |
Learning Outcomes
2.1 Course Learning Outcomes (CLOs) for this course
CLO 1 Be able to critically analyse regulatory policies to preserve the stability of the financial system, implemented in the aftermath of the 2007-2009 financial crisis.
CLO 2 Be familiar with domestic legal frameworks as well as international regulatory and supervisory standards for ensuring and promoting the safety and soundness of the primary financial intermediaries and markets.
CLO 3 Be able to understand and critically examine different regulatory approaches, such as rinciple based and isk-based regulation deployed to ensure market integrity financial stability.
CLO 4 Be able to understand the role of financial markets in modern society.
CLO 5 Be able to assess the ramifications of increasing convergence or harmonization in international regulatory standards concerning market integrity, efficiency, access to credit, and systemic stability.
2.2 LLM and JD Programme Learning Outcomes (PLOs)
Please refer to the following link:
LLM – https://course.law.hku.hk/llm-plo/
JD – https://course.law.hku.hk/jd-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 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| CLO 5 | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Assessment(s)
3.1 Assessment Summary
| Assessment task | Due date | Weighting | Feedback method* | Course learning outcomes |
| Class participation | TBC | 20% | 1, 2, 3, 4, 5 | |
| Take home exam | 6 Dec 2023 | 80% | 1 | 1, 2, 3, 4, 5 |
| *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).
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/