Course curriculum

  • 1. Fundamentals of Financial Advisory Regulations

    • 1.1 Bank Regulations

    • 1.2 Objectives of Bank Regulations

    • 1.3 Why Do Governments Regulate Banks? Too Big to Fail

    • 1.4 Why Do Governments Regulate Banks? The Financial Crisis of 2007–2008

  • 2. Singapore’s Financial Advisory Regulatory Framework

    • 2.1 The Financial Advisers Act (FAA)

    • 2.2 The Convergence of Financial Products

    • 2.3 MAS’s Purview and Powers

    • 2.4 MAS Recommendations for Financial Advisers

  • 3. Financial Products Requiring Licensing

    • 3.1 Regulated Activities of a Financial Adviser: Services

    • 3.2 Regulated Activities of a Financial Adviser: Range of Products

    • 3.3 Penalties for Contravening the FAA

  • 4. Ethical Conduct in Financial Advisory Activities

    • 4.1 A Financial Institution and Its Representatives

    • 4.2 A Fit and Proper Financial Adviser

    • 4.3 Not Allowed to Act for More Than One Principal

    • 4.4 Misconceptions About a Financial Adviser’s Conduct

    • 4.5 Complaints Handling and Resolution

  • 5. Case Study 1: Mis-selling on the Pinnacle Notes

    • 5.1 “Morgan Stanley Sued by Singapore Firm Over Pinnacle Notes”

    • 5.2 “Morgan Stanley Can Be Sued by Hong Leong Over Mis-selling”

    • 5.3 Learning Points

  • 6. Case Study 2: Bank Sales

    • 6.1 A Financial Consultant Faces a Choice

    • 6.2 Learning Points

  • 7. Managing Mis-selling and Conduct Risk

    • 7.1 Fallout from the Financial Crisis of 2007–2008

    • 7.2 Addressing Conduct Risk

    • 7.3 Conduct Risk Framework

    • 7.4 Cultivating the Desired Culture

  • 8. Assessment

    • Instructions

    • Questions