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1203/1382AFE Money Banking and Finance 7223AFE Financial Markets Briefing Note Assignment Guide Marking Criteria: This assignment is worth 25% of your overall grade. On the next page is the marking sheet your Lecturer will use to grade you. Take note of each of the parts which earn marks. Tips: 1) Study the criteria closely Results Communication and Feedback Students will receive the marked grading sheet within three weeks from presenting. This will document your grade and the feedback. Article Topic & Link Rice Warner (2016), Australia's relentless underinsurance gap, 8 Sept 2016 (Preferred Topic 1) Or Chow, K. (2017), Instant funds transfers between banks to be possible from January, ABC News, 3 Oct 2017. Or Investor Daily (2017), Most Aussie managers missing benchmarks, Investor Daily, 22 Feb 2017 Context for your Briefing Note · The issue outlined in your article has recently emerged in the media. · Your supervisor has asked you to research it and provide a short briefing note (1200 words) for the national financial services team in your organisation. · Your work must be appropriately referenced, be appropriate for a professional audience, adhere to the overall word limit and the briefing note should not be a 'speech' for the webinar. · Article Number and Title of Choice from the list above, the links of the articles are part of it. · Overview Provide an overview of the issue that you have been allocated. The audience of this is your professional peers working in the financial services industry. This should draw from multiple sources in addition to the stimulus piece with a minimum of five references in addition to the stimulus. Reference consistently using either the Harvard or APA styles. This answer should be no more than 400 words. · Potential Impacts - Positive Discuss the potential positive impacts on the financial system. This could include regulatory, efficiency, effectiveness, risk and cost/profitability. Point form is allowable, however each item should be justified (not just stated) and appropriately referenced. This answer should be no more than 300 words (500 in total for positives and negatives). · Potential Impacts - Negative Discuss the potential negative impacts on the financial system. This could include regulatory, efficiency, effectiveness, risk and cost/profitability. Point form is allowable, however each item should be justified (not just stated) and appropriately referenced. This answer should be no more than 300 words (500 in total for positives and negatives). · Course Reflection Reflect on how what you have learned in the course helped you develop your answers to the responses the previous sections. This answer should be no more than 300 words. · Summary Summarise the issue, the key impacts and make a recommendation on the 'position' the business should take on the issue. This answer should be no more than 100 words (not included in the overall word limit). · Reference List Up to 500 words (not included in overall word limit) using a consist and accepted format (Harvard or APA) Written Briefing Note Mark:_______/40 Criteria Very Good (4) Good (3) Satisfactory (2) Unsatisfactory (1) Very Unsatisfactory (0) Introduction (4) Topic, key points and purpose of the presentation is introduced in a clear and interesting way which captures the audience’s attention. Topic, key points and purpose of the presentation is introduced in a clear and interesting way. Topic, key points and purpose of the presentation is introduced with clarity. Topic introduced, but the introduction is underdeveloped in terms of key points and/or purpose of presentation. No topic, key points and/or purpose is introduced or the introduction is irrelevant to assessment item. Content (20) Very clear key message, supported by a series of very well presented and argued key points. Obvious original thought used to develop a clear, logical argument, which is well supported by appropriate evidence. The scenario and all questions presented in assignment specification are clearly addressed with strong supporting evidence drawn from the scenario and the reference material. Good coverage of appropriate materials. Key message was clear and mostly supported by well-argued key points. Some original thought in combination with others’ thoughts is used to develop a logical argument, supported by appropriate evidence. The scenario and questions presented in assignment specification are addressed with supporting evidence drawn from the scenario and the reference material. Good coverage of appropriate materials. A key message could be inferred as it was generally supported by key points. Clear, logical argument, supported by appropriate evidence, but lacking in original thought, i.e. the argument is built upon others’ ideas. The scenario and / or some questions presented in the assignment specifications are clearly addressed with strong supporting evidence drawn from the scenario and the reference material. Adequate coverage of appropriate materials. A key message was not clear as evidence presented did not support a message. Attempted to develop an argument which is not clearly supported by evidence nor shown original thought. The scenario and / or some questions presented in the assignment specifications are not clearly addressed, but evidence used in discussion is drawn from the scenario. Limited coverage of appropriate materials. No key message. No clear argument evident with limited original thought. Limited if any consideration of the scenario / questions passed in the assignment specifications with little evidence support drawn from the scenario. Very limited coverage of any reference materials. Conclusion (4) Clear and concise summary with effective links to the introduction and body of the presentation. Clear and concise summary of the presentation with links to the introduction and body of the presentation. The conclusion provided links to the introduction and body of the presentation, but was not concise or unclear at times. The conclusion provided some links to the introduction and body of the presentation, but was not concise or unclear. No conclusion or no links established to the introduction and body of the presentation. Organisation (4) Heading & sub-headings provide a clear structure which is used well to ensure text is clear. Use of headings and sub-headings supports and clarifies the argument. Material was always ordered in a very logical and clear, easy to follow fashion. Headings & sub-headings used clarify the text and provide a logical structure to the document. Material was mostly logically ordered, clear and easy to follow. Use of headings & sub-headings but the structure thus provided is not logical. Most of the material was ordered in a logical, clear fashion. At times, however, the structure lead to confusion of understanding. Use of headings for sections as suggested on page 1 of the assignment specifications. The material was not ordered in a logical, clear and easy to follow fashion. Frequently the structure of document caused confusion in understanding. Limited use of heading & sub-headings, which does little to help clarify the text. Order in which material was presented was not logical, and so the briefing was not easy to follow, nor easy to understand the message it was trying to convey. Citations (4) All use of other’s ideas and materials are acknowledged. Appropriate & consistent in-text citations. All in-text citations listed in the reference section. All reference’s formatted consistently and appropriately. Liberal amount of references used that are germane to text. Use of other’s ideas and materials mostly acknowledged. Most in-text citations are listed in the reference section. Citations and references generally presented accurately but with a few errors. Sufficient amount of references used to support text. Use of other’s ideas and materials are sometimes not acknowledged. Some in-text citations are not listed in the reference section. Citations and references generally presented accurately but with some errors. Adequate amount of references used to support text. Many missing in-text citations. Inadequate and inconsistent in-text citations. Some in-text citations not listed in the reference section. References not cited in the text found in the references section. Inconsistency or inappropriateness of formatting of references. Very few or even no citations and references. The formatting is often inconsistent and inappropriate. Grammar and Style (4) Report has been carefully proof read, i.e. no grammar and punctuation errors, no spelling errors, no typographical or layout errors. Excellent logical flow with each point leading to the next; document shows strong cohesion of thought and personation. Reader knows what the point is all the time, and can clearly see relevance to other points made elsewhere in the report. Report has been proof read, i.e. no more than 3 or 4 grammar and punctuation errors, spelling errors, typographical or layout errors. Good logical flow, with most points leading into the next; document generally is a cohesive whole. Reader knows what the point is most of the time. Report has been spell checked but minimal evidence of proof reading, i.e. some grammar and punctuation errors, some spelling errors, some typographical or layout errors. (Some = 5-6 errors) Limited connections between one point and the next with critical points presented ‘out of order’; document still shows clear evidence of different writing styles. Times where the reader is unsure of the point being made. Some padding / irrelevant material. Obvious that the report has not only received a cursory proof read and spell check has been minimalist at best, i.e. many grammar, punctuation, spelling typographical and/ or layout errors (Many = 7 or more). Limited connection between one point and the next with critical points presented ‘out of order’; document shows clear evidence of having been written by multiple people. Frequently the reader is left guessing about the point being made which is caused through irrelevant material. Obvious that the report has not been proof read and that even spell checking has been minimalist at best. Full of grammar, punctuation, spelling, typographic and/ or layout errors. Detracts from understanding. Limited connections between one point and the next. No real flow. Clear evidence that the document has simply been “stitched together” from separate pieces rather than presented as a cohesive whole. Indirect and/ or convoluted language. Significate padding/ irrelevant material. Difficult and hard to follow. Course Content and Overview (Please note this University is in Australia and thing being drafted should be in line or view of the Australian market and the regulatory authorities in Australia) Course Structure Part Module Topic Part 1 - The Financial System Module 1 Topic 1 - The Financial Market Principles Topic 2 - The RBA and Interest Rates Topic 3 - Regulation of Financial Institutions Part 2 - The Financial Markets Module 2 Topic 1 - Money Markets Topic 2 - Bond Markets Module 3 Topic 1 - Equities Markets Topic 2 - Derivative Markets Module 4 Topic 1 - Foreign Exchange Markets Part 3 - The Financial Institutions Topic 2 - Authorised Deposit-Taking Institutions Module