This course provides a system-wide view in a U.S. context and in a comparative international context of the vital, but poorly understood, topic of regulatory compliance. Subjects investigated will range from individual firm compliance with Sarbanes-Oxley and the U.S. Patriot Act to public officials' struggle to design effective mechanisms to regulate hedge funds and other complex financial instruments and institutions. The course will survey the key areas of compliance and risk and focus on industry issues and regulatory oversight by the regulatory agencies relative to the types of services provided primarily by financial institutions. Examples of regulatory examinations, compliance breakdowns, regulatory sanctions and remediation orders will be reviewed. The course will also examine a methodology for implementing and maintaining a compliance and risk program.
|Spring 2012||Jenkins, Todd||Evaluation|