1.To what extent has MiFID legislation (MiFIR and MiFID 2)imposed a new legal paradigm of technological innovations (e.g. algorithmic and high frequency trading activities) on regulated firms within the European Union?Discuss in the context of the UK and Continental financial markets.
2.FinTech aims to support regulation in the financial markets with the use of algorithm and computer systems. It provides innovative solutions to improve the regulatory framework and the compliant behaviour of financial firms. However, the adoption of cloud-based systems and data mining techniques in FinTech raisesconcerns aboutthe necessary intervention of supervisors to avoid fraudulent activities and ensure data protection and privacy. Critically discuss.
3.Securitisationinvolves transactions that enable originators to repack a set of risk exposures (market or credit risks), by transforming them into tradable securities. Critically discuss the main risks that may arise from the securitisation mechanism forthe originator and investors.
4.The UK financial regulation is characterised by the principles-based regime (PBR) and ‘comply or explain’ approach. Critically discuss the main shortcomings of the PBR in the light of the global financial crisis.
