Isma is the self-regulatory industry body and trade association for the international securities market.
The turn-out of 60 students at the start of the first session of the nine-month course exceeded expectations at the Isma centre at the University of Reading. The students are diverse and international, including a number from Asia and from Russia. The MSc has been designed in consultation with investment banks, securities houses and regulatory agencies, both in London and overseas, and is aiming for a broad-based appeal.
Investment banks and securities houses are increasingly finding an acute need for an understanding of the different types of effective risk-control, says Isma.
'Employers are keen to recruit graduates to work in areas of regulation and risk control who have both a legal background and a thorough understanding of the financial markets, says Dr Michael Taylor, programme director of the course and reader in financial regulation. 'Our course answers that demand. In a few years, successful graduates will have the potential to command salaries to be competitive with those in the front office.'