Financial Regulation Course Overview

This course is designed for banking, finance and compliance professionals with an interest in financial regulation. The course provides an overview of the Irish, European and international financial regulatory landscape with a focus on the banking, investment firm and insurance industries.

Recognised by The Institute of Banking

Financial Regulation Course Duration

A pass grade on the written assignment will be required for awarding of the Diploma. A fail grade will result in a Certificate of Attendance for the course but without the Diploma being awarded.

Students must attend at least 80% of classes to graduate with either the Diploma or Certificate of Attendance unless a serious and verifiable reason for further absence is provided. If completing the course online, attendance and participation is tracked through Moodle.

The course is run over 10 weeks comprising of three hour lectures (total 30 hours).


The Course is assessed by way of continuous assessment (100%).

Learning Outcomes

  • To understand the principles of financial regulation;
  • To have an appreciation of the roles of the Central Bank of Ireland, the European Banking Authority, the European Markets and Securities Authority, the European Insurance and Occupational Pensions Authority, the European Central Bank and the Basel Committee on Banking Supervision;
  • To have an appreciation of the banking, investment firm and insurance industries, the regulatory challenges facing each, and to understand the statutory obligations that apply to these;
  • To understand the mechanisms by which risk and compliance issues are managed within financial services entities;
  • To be able to assess the implications of developments in relevant legislation and international policy;
  • To understand the importance of financial regulation within the broader economy;
  • To appreciate the impact that regulatory failures have had in Ireland and internationally;

Course Content

Week 1: Overview and General Principles of Financial Regulation

In this class we will discuss the purpose, importance and principles of financial regulation within society, as well as the developments in the role of financial regulation over time, including since the 2008 financial crisis.

Week 2: The European Regulatory Framework

Here we will reviewthe various European institutions, agencies and domestic bodies involved in financial regulation, in addition to the various legal instruments used in financial services regulation.

Week 3: Recovery & Resolution Planning, and the Establishment and Supervision of Financial Services Providers in Ireland:

In this class we will examine the role of recovery and resolution planning for banks, including the role of the Single Resolution Mechanism, and will also discuss how financial service providers are authorised and supervised by the Central Bank of Ireland and/or the Single Supervisory Mechanism.

Week 4: Prudential Risk: Concepts & Requirements

Here we will discuss some of the key prudential risks faced by banks, including credit, market, operational and liquidity risk, and the requirements for their management under various regulations, including CRR 2/CRD V.

Week 5: Regulation of Insurance Undertakings and Investment Firms

In this class we will look at the regulation of the insurance and investment firms industries, and will examine the major requirements set down under the Solvency 2 Directive, the MiFID II package, and the new Investment Firms Regulation and Directive.

Week 6: Regulatory Challenges on the Horizon and Crypto-assets

In this class we will address some of the key regulatory challenges facing financial service providers in the current environment, and review the supervisory priorities announced by the Central Bank of Ireland, the Single Supervisory Mechanism, the European Supervisory Authorities and others. We will also examine the emergence of cryptoassets, their nature, and current proposals for their regulation.

Week 7: Conduct Risk, Market Abuse and Enforcement

Here we will examine the conduct of business rules that apply to financial services providers in Ireland and in Europe, as well as requirements under the Market Abuse regulation. We will also look at the enforcement role of the Central Bank of Ireland under its Administrative Sanctions Procedure.

Week 8: Anti-Money Laundering Requirements

This week we will look at the rules applicable to financial services providers in respect of anti-money laundering and countering the financing of terrorism, and the international efforts to combat same.

Week 9: Governance, Remuneration, and Fitness and Probity

We will look at the importance of good governance in the financial services industry, the role of the board and senior management, as well as the relevant requirements under Irish and European rules. The class will also look at remuneration requirements applicable to financial service providers, as well as the Central Bank’s fitness and probity regime.

Week 10: The roles of the Risk, Compliance, and Internal Audit functions

In this class, we will look at the respective roles of the risk, compliance and internal audit functions in the context of the three lines of the defence model. We will also look at the Internal Capital Adequacy Assessment Process, the purpose of risk appetite statements, and risk and control self-assessments.



David Sweetman

David is a barrister practising in civil and commercial law. He graduated with an honours degree in Business and Law from University College Dublin, an LLM from Trinity College Dublin, and was the John Brooke Scholar in King’s Inns. 

Prior to commencing practice at the Irish bar, David worked in financial services as a regulatory consultant, and was previously a prudential supervisor at the Central Bank of Ireland, and a policy expert at the European Banking Authority in London.

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Diploma in Financial Regulation (Classroom)

Classroom Diploma in Financial Regulation


6:30 PM - 9:30 PM

David Sweetman

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Diploma in Financial Regulation (Online)

Online Diploma in Financial Regulation


6:30 PM - 9:30 PM

David Sweetman