Institutions in the Global Financial Market (738N1) Assessment: Essay

Limit: 2000 words
ASSESSMENT QUESTION
Since 1999, the European Union (EU) has successively launched a number of regulatory initiatives
aimed at ensuring an integration of EU financial markets and the removal of legal barriers which
hindered the provision of cross-border financial services activity across Europe. As a member state
of the EU, the UK substantially benefited from this signal market directive.
However, the UK voted to leave the EU on 23rd June 2016. As a result, the law establishing the
regulatory framework in the UK would need to change. There would possibly be a period of
significant confusion as multinational financial service firms which use a London subsidiary need
to decide how to restructure themselves and decide how much of their operations to transfer
elsewhere in the EU.
Moreover, leaving the EU gives the UK more freedom to make its financial regulations. As the
recent debate between the Bank of England and the European Parliament on banker bonus cap,
such freedom deepens the concerns about financial regulation arbitrage.
The topic for your essay is: Evaluate the impact of Brexit on the UK and the EU’s financial
regulation GUIDELINES
Your essay should clearly demonstrate analytical, critical and evaluative skills and address all
issues relevant to answering the specific topic stated above.
Evidence is expected of a wide background of reading and research, without which above average
grades are unlikely. All references should be acknowledged (see Library handout on reference
styles – Harvard approach is strongly recommended). Good standards of written English and
presentation are expected, and marks will be deducted if standards are poor.
In summary, this essay should:
1) Show understanding of the importance of financial regulation;
2) Discuss the challenges in coordinating financial regulation between the UK
and EU.
WORD INDICATION
This essay should be typed on A4 paper, 12 point font, 1.5 spacing and should be approximately
2000 words, excluding the reference page/s, bibliography and Appendices if applicable.
Marks will be deducted for minimal or excessively wordy documents. Separate word counts
should be displayed on the opening cover of each individual coursework. All references should be
acknowledged.
The essay should have attached the appropriate cover sheet with the student’s full name, student
number, course, module number and title. Please keep a copy of the essay for your own records.
PLAGIARISM
“Plagiarism is the practice of presenting thoughts, writings or other output of another or others as
original, without acknowledgement of their source(s). All material used to support a piece of
work, whether a printed publication or from electronic media, should be appropriately identified
and referenced and should not normally be copied directly unless as an acknowledged quote. Text
translated into the words of the individual student should in all cases acknowledge the source.”
For further information please see http://www.sussex.ac.uk/s3/?id=35&jquery=off
Before submitting the work, you should check through it to ensure that:
• all material that has been identified as originally from a previously published source has been
properly attributed by the inclusion of an appropriate reference in the text;
• direct quotations are marked as such (using “quotation marks” at the beginning and end of the
selected text), and
• a citation has been included in the list of references.

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