Press Releases

Focklaghyn-naight

Media Update - November 2001

Launch of the MSc Financial Regulation & Compliance
Management at the International Business School 

This weekend the International Business School launches its second specialist Masters programme, the prestigious MSc in Financial Regulation & Compliance Management. 

Professionals from many of the Island's leading financial services organisations have enrolled on the programme armed with substantial experience and responsibilities from work. Over the next two years the students, whose average age is 36, will tackle a range of work-based and academic assessments, and a significant dissertation. Also covered in the programme are off-island study visits, to the continent and to the United States, to study the regulatory systems of other jurisdictions.

The programme is taught intensively over eight study weekends, which means that the International Business School is now operating seven days a week.

Chris Thomas, Senior Lecturer and Director of the programme, says: "I am very excited about the commencement of the course, having moved to the Island in August to take up the challenge of developing this and similar professional and management programmes at the IBS. 

In 1994 I went to the US to explore the original idea to create the programme on behalf of the UK regulator, and our academic partner, London Guildhall University. John Bourbon, formerly Head of Supervision at the FSC, and a graduate of the 1997 class, was the first one to discuss with me the possibility of this version of the programme for the offshore environment. I am so glad he did. I am confident that so many stakeholders in our programme will benefit from it: the regulators, the regulated, the Isle of Man itself, and basically the human capital of this island".

As well as full-time academic staff from the International Business School, lecturers on the programme include islanders - Professor St John Bates; David Doyle, Dickinson Cruickshank and John Hemmant, Charlemagne Capital - as well as off-islanders - Nick Lynch, London Guildhall University and independent consultant, Gary Hagland. 

Chris Thomas adds: "The UK Financial Services Authority have supported this programme because it offers an opportunity for professionals to develop advanced skills, knowledge and values in vital areas of financial regulation and compliance management. On a local level the Isle of Man Government, the Financial Supervision Commission and the Isle of Man branch of the Compliance Institute have supported the development of the programme as have several firms, especially KPMG, Skyefid and the Royal Bank of Scotland."

Weblinks: www.ibs.ac.im