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Coursework assignment brief

Module Assessment

Composition of module mark

1. Coursework Essay (25% of mark)

ASSIGNMENT TITLE: Key Trends Reshaping the UK’s Financial Services Industry

Individual - 1500 words (maximum 1650 words)

Due Date – Thursday 6th April 2017

Coursework submission

You are required to submit your assignment on Turnitin

2. Examination (3 hours – 75% of mark)

Exam period: April / May 2017

Passing the Module

An overall mark of 40 percent is required to achieve a pass in the module.

A minimum mark of 35 percent is required for the coursework and the exam.

For example, if you achieve 35 percent in the Coursework, you will need to achieve 42 percent in the exam

That is:

35% @ 25% + 42% @ 75% = 40% between (CW and Exam)

INTRODUCTION

INTRODUCTION (100 WORDS)

Motivation of the report in order to set the scene for the argument presented

Objectives of the report

Organisation of the reports

This will be easier if you follow the outline of assignment brief below

You are required to produce a report which explains: (i) how the UK financial-services markets have changed in recent years, (ii) what powerful forces are reshaping the financial services markets and institutions today, (iii) where the financial services sector may be headed in the future and (iv) the policies which the regulators could implement to manage the impact of the forces which you identified in your response to the previous questions.

1. AN OVERVIEW OF THE CHANGING UK FINANCIAL SERVICES INDUSTRY

AN OVERVIEW OF THE CHANGING UK FINANCIAL SERVICES SECTOR (200 WORDS)

Historical structure of the UK financial system

Key roles of the financial intermediaries

Examples of leading providers, services provided and mode of delivery

Summary of the major trends in the UK financial services sector., (i.e., the changing face of the UK financial services industry and its regulation). These may involve a description of mergers and acquisition within the industry as well as new entrants into the industry, such as supermarkets, car dealers, manufacturing companies etc.,

YOU MAY CHOOSE TO INCLUDE CHARTS TO FURTHER SUPPORT YOUR ARGUMENT

2. KEY FACTORS INFLUENCING THE UK FINANCIAL INDUSTRY

KEY FACTORS INFLUENCING THE UK FINANCIAL SERVICES INDUSTRY (700 WORDS)

The most prominent factors with related consequences for UK residents, the financial services industry and the economy as a whole should be highlighted and supported with examples. You may organise your argument using the PESTLE acronym as show below.

DO NOT JUST MENTION THE FACTORS WITHOUT AN ADQUATE ASSESSEMENT OF THEIR IMPACT AS I HAVE OUTLINED ABOVE.

POLITICAL

ECONOMIC

SOCIAL-CULTURAL

TECHNOLOGICAL

LEGAL RULES AND REGULATION

ENVIRONMENTAL

3. OVERVIEW OF THE UK FINANCIAL SERVICES SECTOR IN THE 21ST CENTURY

OVERVIEW OF THE UK FINANCIAL SERVICES SECTOR IN THE 21ST CENTURY (300 WORDS)

Discussion here should be linked to the general argument in the previous section on the factors influencing the changes in the UK financial sector.

The overall impact of the factors identified in this section may related to the cost of provision of financial services which typically include an increase in costs of (i) raising funds, provisioning for loan losses (i.e., higher default rate), administration, salary and other business operations and taxation as well as (ii) reduced profits

To reduce these costs items and increase profit margin, UK financial services firms are increasingly choosing to rely on the latest IT system largely through various mobile phone APPs and point of Sale (POS) platforms rather than expansion in physical branches and face –to-face transactions.

However, the provision of such online financial services is more capital intensive which raises the fixed costs of the firms in the industry.

So providers must increase the size of their operations in order to achieve the scale economies needed to lower operating costs.

The discussion here could be about how you think the sector will evolve in the future in order to achieve the scale economies needed to deal with such fixed costs over the next five-ten years

4. CONCLUSIONS AND POLICY RECOMMENDATIONS (200 words)

Brief summary of the primary objective (s) of the report

Briefly identify the key cost implications of the major factors described in section 2 which is reshaping the UK financial services, may include the example that BREXIT, the fall of the pound, potential unemployment and higher inflation could raise the cost of funds, loan loss provisions etc.,

Link this to the your discussion in section 3 about the transformation of the industry as a whole, perhaps from labour-intensive to capital intensive IT based industry

Connect this to policy recommendations to deal with problem which you think may arise as a result of the new structure which you have predicted.

These policies need to be specific and practical