Press Releases

IBS Study Visit to Washington DC and St Louis

Students from the IBS and London Met are photographed outside the Commodity Futures Trading Commision.

Students from the Isle of Man International Business School and London Metropolitan University have recently returned from a study visit to the US. Students are taking the Masters degree in Financial Regulation and Compliance Management which is accredited by London Met. A unique component of the degree is the five day study visit which facilitates learning about American financial regulation and compliance. The US visit also allowed students to contrast their understanding of regulatory systems learnt during their first year European study trip.

The students undertook an intensive programme of meetings with US regulators and industry practitioners building upon the theoretical aspects of the degree programme, in particular the Comparative and International Financial Regulation unit.

The group met with representatives from the Federal Reserve Bank, the Commodity Futures Trading Commission, the Securities and Exchange Commission and the International Monetary Fund. The Washington D.C. meetings covered the US regulatory structure, current issues in banking and securities regulation and international regulatory cooperation and developments. In addition the students also received briefings on current issues in international tax reforms at the Heritage Foundation and a practitioner’s view of US regulation at Edward Jones stockbrokers in St Louis.

The visit was not only practical but also formed an essential part of the degree designed to equip the compliance professional with an in-depth knowledge of the regulatory system. The group learnt about the relatively complex system of Federal and State regulation and the agencies tasked with the supervision of the financial services industry. The study visit was a great success and complimented the students’ studies by providing an insight into the practical aspects and issue of regulation. The students received a warm reception from the Americans in contrast to the heavy snow and freezing winter temperatures of Washington D.C. and St Louis.

This media release was written by Andrew Haddow, second year student on the MSc Financial Regulation & Compliance Management. Andrew is on the committee of the Compliance Institute and Manager-Supervision at the Financial Supervision Commission. Andrew can be contacted direct on 689327 or by email Andrew.haddow@fsc.gov.im.