ACC2008 Coronavirus Crisis & UK Financial System Essay

ACC2008 Coronavirus Crisis & UK Financial System

THE UNIVERSITY OF NORTHAMPTON

Faculty of Business and Law

MODULE NAME:

Module Code	Level	Credit Value	Module Leader
ACC2008	5	20	Conghui Chen

Assessment Brief

Assessment title:	The impacts of coronavirus crisis on the UK financial system
Deadline:	23 April 2021 (11:59 PM UK time)
Weighting:	50%
Feedback and Grades due:	21 May 2021 (11:59 PM UK time)
Resit Date:	25 June 2021 (11:59 PM UK time)

Please read this assessment brief in its entirety before starting work on it.

The Assessment Task

Discuss and critically evaluate the roles of the UK bank regulators during the current coronavirus crisis.

Suggested Structure of the Essay:

Introduce the background of the coronavirus crisis and set the motivation for the study. Talk about the structure of the report.

Discuss the possible challenges the financial institutions face during the period of the coronavirus crisis and its potential impacts on the financial system.

Critically discuss the regulatory policy responses to the coronavirus crisis implemented by BOE.

Give recommendations on the actions financial institutions could take to cope with the challenges discussed in the first part.

Summarise the arguments and conclude the essay.

The total length of the individual written report is 2000 words. In addition, you need to make ppt slides and do a presentation (30% of your final mark) based on the content of your written report. This presentation will last for 10 minutes after which you will be asked a number of subject related questions.

Learning Outcomes

The learning outcomes that are being assessed in this assessment are:

a) Identify the contemporary issues arising in the industry.

b) Examine conduct of government policy in the financial services industry.

c) Apply appropriate concepts in the implementation of sound solutions to a problem, individually and with others and present it in a report

Your grade will depend on the extent to which you meet these learning outcomes in the way relevant for this assessment. Please see the grading rubric at the end of this assessment brief for further details of the criteria against which you will be assessed.

Word Limits (where appropriate)

The maximum word limit for this assessment is 2000 words

In accordance with the Assessment and Feedback Policy, as stated in section 4.40 where a submission exceeds the stipulated word limit by more than 10%, the submission will only be marked up to and including the additional 10%. Anything over this will not be included in the final grade for the assessment item. Abstracts, bibliographies, reference lists, appendices and footnotes are excluded from any word limit requirements.

In line with section 4.41 of the same Policy, where a submission is notably under the word limit, the full submission will be marked on the extent to which the learning objectives have been met.

Assessment Support

Two dedicated sessions on assignment support will be held. Both will be face-to-face and dates for those sessions will be confirmed soon.

Generic Grading Criteria

You will find the generic grading criteria for achievement at University Grading Criteria. Also explained here are the meanings of the various G grades at the bottom of the grading scale.

Assessment Submission

To submit your work, please go to the ‘Submit your work’ area on the NILE site and use the relevant submission point to upload your report. The deadline for this is 11.59pm (UK local time) on the date of submission.

Written work submitted to TURNITIN will be subject to anti-plagiarism detection software. Turnitin checks student work for possible textual matches against internet available resources and its own proprietary database.

When you upload your work correctly to TURNITIN you will receive a receipt which is your record and proof of submission.

If your assessment is not submitted to TURNITIN rather than a receipt you will see a green banner at the top of the screen that denotes successful submission.

N.B Work emailed directly to your tutor will not be marked. The only exception to this is when you are instructed to do so because TURNITIN is down.

Late submission of work
For first sits, if an item of assessment is submitted late and an extension has not been granted, the following will apply:

· Within one week of the original deadline – work will be marked and returned with full feedback, and awarded a maximum bare pass grade.

· More than one week from original deadline – maximum grade achievable LG (L indicating late).

Extensions
The University of Northampton’s general policy with regard to extensions is to be supportive of students who have genuine difficulties, but not against pressures of work that could have reasonably been anticipated.

For full details please refer to the Extensions Policy. The module leader can, where appropriate, authorise a short extension of up to two weeks from the original submission date for first sits only.

Mitigating Circumstances

For guidance on Mitigating circumstances please go to Mitigating Circumstances where you will find detailed guidance on the policy as well as guidance and the form for making an application.

Please note, however, that an application to defer an assessment on the grounds of mitigating circumstances should normally be made in advance of the submission deadline or examination date.

Plagiarism and Academic Integrity

Unless this is a group assessment, the work you produce must be your own with work taken from any other source properly referenced and attributed. The University of Northampton policy will apply in all cases of copying, plagiarism or any other methods by which students have obtained (or attempted to obtain) an unfair advantage.

If you are in any doubt about what constitutes plagiarism or any other infringement of academic integrity, please read the University’s Academic Integrity and Misconduct Policy. For help with understanding academic integrity go to UNPAC and follow the Top Tips for Good Academic Practice on the student hub.

Please note that the penalties for copying work from another source without proper referencing are severe and can include failing the assessment, failing the module and expulsion from the university.

Feedback and Grades

These can be accessed through clicking on the Feedback and Grades tab on NILE. Feedback will be provided by a rubric with summary comments. For work submitted to TURNITIN, please also click through for within text comments.

Learning Outcomes	No Submission	Fail	Pass	Commended	Merit	Distinction
a) Identify the contemporary issues arising in the industry. (30%)	Section incomplete or of unacceptable standard.	Fails to demonstrate a basic understanding of the global coronavirus crisis. The possible challenges that the financial institutions could face are not stated clearly. The impacts of the financial crisis are not discussed.	Demonstrates a basic understanding of the global coronavirus crisis. The discussion on the possible challenges that the financial institutions could face is limited. There is limited understanding of the impacts of the coronavirus crisis on the UK financial system.	Shows a good understanding of the global coronavirus crisis in the UK context with limited knowledge of the US context. Some possible challenges are at least partially outlined and discussed. The impacts of the coronavirus crisis on the UK financial system are assessed with limited depth.	Strong understanding of the global coronavirus crisis. The possible challenges that the financial institutions could face are explained and discussed in detail. The impacts of the coronavirus crisis on the UK financial system are analysed in detail and supported by reliable academic sources.	An excellent understanding of the global coronavirus crisis. The possible challenges that the financial institutions could face are critically analysed. The impacts of coronavirus crisis on the UK financial system are critically discussed in detail and supported by reliable academic sources.
b) Examine conduct of government policy in the financial services industry (40%).	Section incomplete or of unacceptable standard.	Fails to demonstrate some important policies conducted by the BOE during the period of coronavirus. The outcomes of each policy are not clearly discussed and/or explained. No credible literature is reviewed to evaluate banking regulation and supervision policies in response to the coronavirus crisis.	The discussion of regulatory responses to the recent financial crisis is limited in scope and detail and demonstrates limited understanding of policy mechanisms. Limited use of references from reliable academic sources to evaluate the outcomes of key policies implemented by the BOE. There is limited evidence of understanding of banking regulation and supervision policies in response to the coronavirus crisis.	The discussion of regulatory responses demonstrates a good understanding of mechanisms of key policies, using references from reliable academic sources. The outcomes of key policies implemented by the BOE are partially assessed, taking into consideration some positive and negative consequences on the UK financial system. Some credible literature is reviewed to evaluate banking regulation and supervision policies in response to the coronavirus crisis.	The discussion of regulatory responses to the recent financial crisis demonstrates a strong understanding of the mechanisms of each policy, using references from reliable academic sources. The outcomes of key policies implemented by the BOE are assessed, taking into consideration some positive and negative consequences on the UK financial system. A good number of credible sources are reviewed to evaluate banking regulation and supervision policies in response to the coronavirus crisis.	The discussion of regulatory responses to recent financial crisis demonstrates an excellent understanding of mechanisms of key policies (interest rate cut-offs, QE etc), supported by reliable academic sources. The outcomes of key policies implemented by the BOE are critically assessed, taking into consideration some positive and negative consequences on the UK financial system. Credible literature is critically reviewed to evaluate banking regulation and supervision policies in response to the coronavirus crisis.
c) Apply appropriate concepts in the implementation of sound solutions to a problem, individually and with others and present it in a report (20%)	Section incomplete or of unacceptable standard.	No appropriate recommendations or recommendations are not relevant and not linked to the UK banks and financial institutions.	The recommendations are relevant but not well-justified with evidence or references. The action proposals are not appropriate and outlined with limited justification.	The recommendations are relevant and well-justified and are supported by credible academic literature and appropriate for financial institutions to cope with the challenges. Some action proposals are outlined and at least partially justified using credible literature.	The recommendations demonstrate a good understanding of the issues and challenges financial institutions could face and analytical thinking with well-justified arguments. The action proposals with respect to crisis management and responses are supported by credible academic literature and appropriate for financial institutions to cope with the challenges.	The recommendations demonstrate a strong understanding of issues and challenges financial institutions could face. The action proposals with respect to crisis management and responses are supported by high quality academic literature and appropriate for financial institutions to cope with the challenges.
Presentation, citation and referencing.   (10%)	Presentation and referencing not of an acceptable standard.	Deficiencies in presentation, Incorrect referencing, grammar, spelling and citation. Dependency on material provided by the tutor, websites and non-academic sources.	Deficiencies in presentation; standard spelling, grammar and formatting. Incomprehensive citations, poor referencing and reference list. Harvard referencing is good in some parts.	A simple basic style but with significant deficiencies in expression or presentation that pose obstacles to the reader. Some up-to-date and/or appropriate literature used. Citations and referencing are clear throughout.	Competently presented, with minor lapses from standard spelling and grammar, with acceptable format. Uses a variety of literature that includes some recent literature. Competent use of source material. Citations and Harvard referencing are well presented.	Well written, with standard spelling and grammar, in a readable style with acceptable formatting, use of English, tables and diagrams. Comprehensive citations, correct referencing and reference list. Excellent use of Harvard referencing.

ACC2008 Coronavirus Crisis & UK Financial System Essay

Write my Essay. Premium essay writing services is the ideal place for homework help or essay writing service. if you are looking for affordable, high quality & non-plagiarized papers, click on the button below to place your order. Provide us with the instructions and one of our writers will deliver a unique, no plagiarism, and professional paper.

Get help with your toughest assignments and get them solved by a Reliable Custom Papers Writing Company. Save time, money and get quality papers. Buying an excellent plagiarism-free paper is a piece of cake!

All our papers are written from scratch. We can cover any assignment/essay in your field of study.