FIN102 Regulation, Ethics and Risk Management

This subject focuses on the basis of law and regulatory structure for financial services in Australia, and the role of ethics and ethical guidelines in business decisions and conduct, of which an understanding is fundamental to any role in the finance sector. The subject includes an exploration of the Australian legal system and regulatory frameworks, as they apply to banking, wealth management, and capital markets. Ethics and its application to decision-making is discussed, with a focus on a practical approach to the common ethical dilemmas that may be encountered in the financial services sector. Foundational knowledge on risk management is also covered, which provides a basis for later subjects in this area.

For more information, please refer to the subject outline.

  • Learning outcomes
    • On successful completion of this subject, individuals should be able to:

      1. Analyse ethical dilemmas in the financial services industry and apply ethical values, principles and guidelines to business decisions and conduct.
      2. Examine the powers, functions and operations of the relevant financial markets and regulatory bodies.
      3. Analyse obligations and liabilities in the financial services industry in relation to common law, legislation and financial market rules.
      4. Apply various common law rules, legislation and financial market rules to a given scenario.
      5. Explain the concept of risk and the role of Basel II/III in risk management.
  • Subject content
    • Topic Title
      Topic 1 The Australian legal system
      Topic 2 Ethics
      Topic 3 Overview of financial services law
      Topic 4 Regulatory Framework I
      Topic 5 Regulatory Framework II
      Topic 6 Disclosure
      Topic 7 Illegal and prohibited conduct
      Topic 8 Introduction to financial risk management

  • Duration
    • The duration of this subject is one study period (12 weeks).

  • Assessment
  • Prerequisites
    • There are no prerequisites for this subject. However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan Professional advises they should hold before enrolling in this subject.

  • Assumed knowledge
    • Not applicable.

  • Course transition subject equivalence
    • Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan Professional course and have completed the following subjects:

      • FIN112 Law, Regulation and Ethics
      • C3 Securities Industry Law and Ethics
  • Reading list
    • There is no prescribed text for this subject.

      Individuals are provided with key readings and access to Kaplan Professional’s online databases. Individuals are encouraged to research and read widely on the topic.