LL.M. in Banking Law and Financial Markets & Institutions

DIRECTOR:
Prof. Dr. Guillermo Velasco
MODE:
Class-based (full-time)
LANGUAGE:
Spanish
DURATION:
One academic year
PLACES AVAILABLE:
45

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Over the course of a year’s study, the LL.M. in Banking Law and Financial Markets & Institutions covers the knowledge, techniques and practical work tools necessary so that the participants can improve their knowledge and capability for decision-making in the area of law and the legal framework applicable to financial activity. The program is designed so that the participants acquire a sound knowledge of the basics of banking law, the institutions and the financial markets (Spanish and international) and financial instruments.

The aim of the Program is to help the participants, and the organisations employing them, to improve their managerial and professional performance. During the year of training at CUNEF, a solid theoretical and practical base in the legal-banking environment will be acquired, as well as the analytical tools and aptitudes necessary to facilitate, develop and familiarise the participants with legal-banking decision-making in their respective fields.

Students satisfactorily completing and passing all the academic requirements of the program (60 ECTS) will receive the qualification of LL.M. in Banking Law and Financial Markets & Institutions from the Complutense University of Madrid (official Master’s degree). Depending on the specialisation selected, they will also receive CUNEF’s own qualification (non-official) of Master in Banking Law, Legal Advice and the Financial Sector and the Master in Banking Law, Tax Consultancy and the Finance Sector.

Technical sheet

Title: LL.M. in Banking Law and Financial Markets & Institutions (official degree)

Director: Prof. Dr. Guillermo Velasco

Length of Course: One academic year (September to July)

Study load: 60 ECTS (study sessions + directed academic activities)

Requirements: hold a Spanish official qualification issued by an institution of the European Higher Education Area (EHEA) and which gives access to postgraduate studies in the country of issue. Graduates of education systems outside of the EHEA can apply for admission without the need to have their qualifications recognised, subject to verification by the UCM that such studies demonstrate a level of training equivalent to the official Spanish university qualifications and grant access to postgraduate studies in the country of issue.

Places available: 30

Dedication: Exclusive (exceptionally compatible with professional commitments on morning shifts)

Class times: Monday to Friday afternoons (5.00 pm to 9.00 pm)

Languages:  Spanish and English (in all specialisations, participants must be able to read and actively work with written documentation in English)

Admissions process: analysis of university academic report, selection tests and personal interview

Specialisations: Tax Consultancy and the Financial Sector (12 ECTS) and Legal Advice and the Financial Sector (12 ECTS)

The LL.M. in Banking Law and Financial Markets & Institutions (official degree) is designed so students acquire the following competences:

Basic

BS6 – Possess and understand the knowledge providing the basis or opportunity for the original development and/or application of ideas, often in a research context.
BS7 – Students must be able to apply the knowledge acquired and their problem-solving ability in new or unfamiliar environments within broad (or multidisciplinary) contexts connected with their area of study.
BS8 – Students must be able to integrate knowledge and deal with the complexity of formulating judgements based on information which, being incomplete or limited, includes reflections on social and ethical responsibilities tied to the application of their knowledge and judgements.
BS9 – Students must be capable of communicating their conclusions (and the knowledge and reasoning on which they are ultimately based) to specialist and non-specialist audiences in a clear, unambiguous manner.
BS10 – Students must possess the learning skills allowing them to continue studying in a manner which must to a great extent be self-directed or autonomous.

General

GS2 – Ability to analyse, summarise and form opinions based on the information available.
GS3 – Ability to organise, plan and make decisions.
GS4 – Ability to communicate and work in a team.
GS1 – Ability to resolve problems in new and unfamiliar environments.

3.2 Transversal competences

TS1 – Ability to search for information and research and continuous learning.
TS2 – Ability to work in high pressure environments.
TS3 – Ability to apply knowledge in a practical manner.
TS4 – Use information and communications technologies.
TS5 – Ability to lead and maintain an entrepreneurial spirit.

3.3 Specific skills

SS1 – Understand and comprehend at an advanced level the specific issues and specialist legal regulations governing Banking Law and Stock Market Law, and how they relate to Private Law as a whole.
SS2 – Develop students’ capacity to interpret and understand the basic principles of the economy, markets and financial products, as applied to lending institution operations.
SS3 – Identify and understand specialist sources of legal information in banking and market law and financial institutions.
SS4 – Equip students with the methodological skills needed to set about resolving specialist legal problems in the field of Banking and Stock Market Law.
SS5 – Understand and comprehend at an advanced level the specific legal issues and regulations connected with tax law and financial operations (Tax Advice and Financial Sector specialisation).
SS6 – Understand and comprehend at an advanced level the specific legal issues and regulations connected with legal advice and the activity of financial institutions (Legal Advice and Financial Sector specialisation)

The LL.M. in Banking Law and Financial Markets & Institutions runs for one academic year from September to July, with evening classes from Monday to Friday from 4.00 pm to 9.00 pm and has the following content:

Area ECTS
Regulation and legislation of Markets and Financial Institutions 24 ECTS
Economy and Financial System 12 ECTS
Specialisation (one of the following specialisations is studied):

  • Legal Advice and the Financial Sector
  • Tax Consultancy and the Financial Sector
12 ECTS
Practical activities 6 ECTS
Final Degree Project (FDP) 6 ECTS
Total 60 ECTS

The program is complemented by the following teaching activities:

  • The “Passport to your future” professional guidance program
  • Legal documentation workshop
  • Legal report preparation and authoring workshop
  • Negotiation workshop
  • Leadership workshop
  • Communication and effective presentation workshop
  • Business ethics seminar
  • Conferences and seminars specialising in current topics

 

1st TERM 2nd TERM
Core Subjects ECTS Teaching guide Core Subjects ECTS Teaching guide
Law and regulation of credit institutions (I) Banking Law (I) 3 PDF Law and regulation of credit institutions (II) Banking Law (II) 3 PDF
Law and regulation of Stock Markets (I) 3 PDF Law and regulation of Stock Markets (II) 3 PDF
Banking contracts 6 PDF Specific legal regulations and financial institutions: 6 PDF
Financial Economics: 6 PDF Legal aspects of M&A PDF
  • Economy and Finance
PDF
  • Stock Market Disciplinary Law
PDF
  • Spanish and international Financial System
PDF
  • Insolvency legislation and financial institutions
PDF
Banking sector and accounting 6
Total 18 Total 18
Optional subjects (Legal Advice and financing) ECTS Teaching guide Optional subjects (Legal Advice and financing) ECTS Teaching guide
Collective investment undertakings and securitisation 3 PDF Special financing operations 3 PDF
Stock markets and brokerage 3 PDF Regulation of investment service companies 3 PDF
TOTAL 6 TOTAL 6
Optional subjects (Tax Law and Accounting) ECTS Teaching guide Optional subjects (Tax Law and Accounting) ECTS Teaching guide
Tax law and banking operations 3 PDF Advice and taxation in financial operations 3 PDF
Accounting principles and financial sector 3 PDF Risk management and financial sector 3 PDF
Total 6 Total 6
FDP and Practical Placements ECTS
Professional placements (**) 6 PDF
Final Degree Project (FDP) 6 PDF
Total 12

(*) The official studies plan is completed with a series of subjects, seminars and other activities that are obligatory in order to receive the qualification issued by CUNEF.

(**) The professional practical placements (at least 150 hours) are carried out at companies or institutions that have signed the corresponding educational co-operation agreement wherever possible. CUNEF has a wide range of educational cooperation agreements in place for this purpose with institutions, legal practices, organisations and businesses in a range of industrial sectors. In any event, where the placement is performed depends on the agreements in place at any given time, and the offers announced by the partner companies and institutions. In addition to the criteria established in selection processes by each legal practice, company or institution at any given time. CUNEF does not decide who or where; these decisions are instead taken by the legal practices, companies or institutions. It is therefore their responsibility to find a company or institution where students can complete their placement. CUNEF does, of course, offer active advice and support. The students can potentially apply for the recognition of the practical placement subject if they can demonstrate prior professional experience or placements.

The LL.M. in Banking Law and Financial Markets & Institutions has been designed to allow participants to strengthen the knowledge, skills and abilities required in order to succeed in their future professional practice. This is therefore a professionally focused postgraduate program combining academic rigour with the necessary practical emphasis on business and financial conduct. The various methodologies employed during the different subjects are designed to ensure that this theoretical/practical focus is a constant reality in the learning model for all subjects.

During the master’s program the participants use the following learning methodologies in succession:

  • Traditional lectures and analysis of technical notes
  • Analysis and discussion of case studies
  • Sessions with guest conference speakers
  • Teamwork and presentations
  • Individual reading and research
  • Mentoring sessions and professional guidance
  • CUNEF Virtual Campus

The grading system is based on continuous assessment performed throughout the subject, taking into account such aspects as active participation in class, practical work and studies of practical cases and circumstances. The lecturers thus grade participants in accordance with the different teaching exercises and the final objective test in each subject. Attendance is mandatory for all subjects, and unjustified absence from more than 10% of sessions in any given subject could lead to a student being failed. All participants must successfully complete 100% of the subjects, as well as the final master’s project. Participants will need to be familiar with the use of information technologies, in particular the use of Excel (or other similar spreadsheets).

Professional performance in the banking law field requires professionals capable of assuming the managerial decision-making process from a dual perspective by analysing data and professional challenges with quantitative sensitivity and financial judgement, the functional perspective, and integrating decision-making within an established corporate policy, the necessary strategic vision. At CUNEF we are aware of the functional and strategic relevance that legal decision-making plays in the performance of companies and financial institutions. The University Master in Banking and Market Law and Financial Institutions (MDB) will help you acquire through an intense year of study and applied work, in addition to academic knowledge, real-life work dynamics and practical experience necessary to successfully drive forwards your professional career and enhance your managerial performance in the financial sector.

  • At CUNEF, we have a wide range of specialised options that will allow you to choose the master’s program that best suits your professional expectations and personal concerns. So you will be able to continue your postgraduate training with a special emphasis on one of the following options:
    • University Master in Banking and Market Law and Financial Institutions – Legal Advice and the Financial Sector
    • University Master in Banking and Market Law and Financial Institutions – Tax Advice and the Financial Sector
  • CUNEF graduates have an outstanding professional record. The professional profile of CUNEF graduates is highly sought after by companies and institutions in every sector of economic and business activity. More than 6,000 alumni over 40 years have paved the way. In fact, CUNEF alumni fact hold executive positions at the leading private banks operating in Spain, IBEX 35 blue-chip companies and the main auditing and consultancy firms.
  • The postgraduate courses offered by CUNEF will give you the opportunity to form part of a talented, prestigious and productive professional network of lecturers, students, alumni and collaborating companies, which will unquestionably lead to tangible and intangible benefits in terms of your professional achievements.
  • The academic staff comprises active professionals that combine their extensive and successful professional experience with a demonstrable pedagogical ability.
  • Our location, in the city of Madrid is a magnificent opportunity to have a close and direct access to the main companies and institutions of the financial sector, consultancy, investment banking, etc. The directors of these companies frequently visit our facilities to share their knowledge, opinions and thoughts with our students, participate in selection processes and deliver presentations at our campus.
  • The Master in Banking and Market Law and Financial Institutions is a one of a kind program at a national and international level.
  • The practical aspect of the teaching (reflection, analysis, action and evaluation) of all the subjects, aimed at the acquisition of knowledge applied to taking legal decisions, is complemented with supplementary professional work experience at one of the companies that habitually work in conjunction with CUNEF.
  • The students of the Master in Banking and Market Law and Financial Institutions (for all specialisations) will receive specialised complementary training that will enable them to work in the financial sector, the Specialist in Banking and Financial Advice program.
  • Extensive scholarship program aimed at the best academic profiles, awarded by the Spanish Banking Association Foundation or by CUNEF, as well as work experience scholarships sponsored by companies and institutions in conjunction with CUNEF.
  • CUNEF has an internal quality assurance system and every year submits the Master in Banking and Market Law and Financial Institutions to an inspection by the Complutense University of Madrid, in order to review and improve the program.

The goal of the postgraduate programs in law at CUNEF (master’s and executive programs) is to help the participants, and their employer organisations, to strengthen their executive and professional performance. During their year of teaching at CUNEF they acquire a sound theoretical and practical basis in the world of banking and financial law, along with the analytical tools and skills required to facilitate, develop and familiarise participants with financial decision-making in their respective operational spheres.

The LL.M. in Banking Law and Financial Markets & Institutions is intended for Law graduates with less than 5 years of professional experience who wish to begin or further their professional career in a financial context.

The student profile for the 2018-2019 academic year is as follows:

  • Class size: 27 alumnos
  • Geographic origins: 56.7% Spain and 43.3% from other countries.
  • Academic background: Law (100%)
  • Gender: men (57%), women (43%)
  • Age: average age (27 years of age) and an age range of between 22 and 44 years of age
  • Prior professional experience: with prior experience (93.3%); without prior experience (6.7%).
  • Average grade on university academic report: 7,5/10
  • Area of specialisation percentage: Legal advice and financial sector (70%), Tax advice and financial sector (30%).

The syllabus for the LL.M. in Banking Law and Financial Markets & Institutions includes the elective subjects corresponding to each of the two established specialisations (Legal Advice and Financial Sector, and Tax Advice and Financial Sector). The students will choose one of these specialisations when they enrol, and will need to enrol for all of the credits comprising the chosen specialisation (12 ECTS). Students cannot take more than one specialisation.  The specific specialisation subjects are supplemented by seminars and other activities.

The two specialisations available for the Master in Banking and Market Law and Financial Institutions (MBL) are:

  • MDB – Legal Advice and the Financial Sector (12 ECTS): the University Master in Banking and Market Law and Financial Institutions, Legal Advice and the Financial Sector covers in one year of study the knowledge, techniques and practical working tools required to allow participants to consolidate their knowledge and decision-making capacity in the field of Banking Law. The program is designed to give participants a sound understanding of specific legal aspects connected with: special financing operations, collective investment undertakings and securitisation processes, the law of warranties, investment service and stock-market brokerage firms, allowing them to develop an overall understanding of legal advice in the financial sector. The program is intended for graduates in the field of Social and Legal Sciences, preferably those graduating in Law, and also the field of Arts and Humanities, wishing to begin or continue a professional career in the world of banking finance. The aim is in particular to enhance executive and professional performance in the following areas:
    • Legal Banking Advice (investment banking, commercial banking)
    • National and international legal practices (Banking Law placements)
    • Legal advice in corporate operations (M&A)
    • Family banking
    • Banking product issues
    • Corporate debt issues
    • Regulatory compliance departments
      Legal advice for managers of hedge funds, investment funds, pension schemes, etc.
  • MDB – Tax Advice and Financial Sector (12 ECTS): the University Master in Banking and Market Law and Financial Institutions, Legal Advice and the Financial Sector covers in one year of study the knowledge, techniques and practical working tools required to allow participants to consolidate their knowledge and decision-making capacity in the field of Banking Law. The program is designed to allow participants to acquire a sound understanding of the fundamentals of tax law and banking operations, specific tax advice for banking operations, along with general aspects connected with accounting and risk management in the financial field, thereby obtaining an overall understanding of tax advice connected with the financial sector. The program is intended for graduates in the field of Social and Legal Sciences, preferably those graduating in Law, and also the field of Arts and Humanities, wishing to begin or continue a professional career in the world of banking finance. The aim is in particular to enhance executive and professional performance in the following areas:
    • Banking Tax Advice
    • Advice on financial products (private banking, commercial banking)
    • Family banking
    • National and international legal practices (Banking Law placements)
    • Legal advice in corporate operations (M&A)
    • Banking product issues
    • Corporate debt issues
    • Regulatory compliance departments
    • Legal advice for institutions managing hedge funds, investment funds, pension schemes, etc.

The lecturers on the LL.M. in Banking Law and Financial Markets & Institutions are expert investigators and professionals from the world of banking law. During the year of the master’s programme they will make an active contribution to ensure that your performance, learning and conceptual ideation are clearly strengthened by your time studying with us. The lecturers combine their teaching, research and educational vocation with professional and executive practice in their respective operational spheres.

Academic staff for the LL.M. in Banking Law and Financial Markets & Institutions (2018-2019)

Faculty
Prof. Dr. Jesús Alemany
Prof. José Christian Bertram.
Prof. Dr. Santiago Carbó
Prof. Dr. Miguel Angel Iglesias
Prof. Dr. Javier Galán
Prof. Dr. Javier García de Enterría Lorenzo Velázquez
Prof. Dr. Fernando García Martínez
Prof. Dr. Mariano Lasarte
Prof. Dr. Manuel López Martínez
Prof. Dr. Rafael Mínguez Prieto
Prof. Juan Manuel del Moral Calvo
Prof. Dr. Enrique Moreno de la Santa
Prof. Dr. Ubaldo Nieto Carol
Prof. Dr. José David Ortega
Prof. Dra. Marta Ortiz Márquez
Prof. Augusto Adrián Piñel Rubio
Prof. Rosario Rodríguez Suárez
Prof. Ignacio Santillán Fraile
Prof. Dr. Francisco Javier Sosa Álvarez
Prof. Pablo Táuler San Miguel
Prof. Dra. María del Carmen Tejada Ximénez de Olaso
Prof. Dra. Sara Ugena
Prof. Dra. Eva Recamán
Prof. Pablo Ulecia Rubio
Prof. Dr. Francisco Uría Fernández
Prof. Dr. Guillermo Velasco Fabra
Prof. Javier Zapata

The list of academic staff presented here is complemented by external collaborating lecturers, speakers at seminars, workshops or professional certifications, guest speakers at conferences and lecturers from other national and international institutions. These include:

Prof. Dr. Joaquín Maudós
Prof. Dr. Miguel González-Blanch

CUNEF has a close and active relationship with the business and professional world. The Careers Service actively manages the company professional placement[1], job offers, as well as the organisation of complementary seminars and activities, the main aim of which is to provide CUNEF students with all the necessary tools and skills, and also the best possible opportunities, to facilitate their incorporation into their first job and improve their professional development.

CUNEF students have the chance to take part in professional guidance activities including the following options:

  • CUNEF jobs forum Every year, companies and institutions from different economic and business sectors participate in the jobs forum organised by CUNEF. It provides students and companies the perfect framework for exchanging experiences and discovering the details of all the processes involved in young university graduates starting their first jobs.
  • Company presentations and “on-campus” selection processes.
  • Companies from the financial, consultancy, auditing and investment banking sectors frequently carry out election processes, presentations, specific seminars, etc., all developed in conjunction with the Careers Service and specially aimed at CUNEF graduates and postgraduates.
  • Practical company placement programs The external placements are organised prioritising centres associated with the specialisation chosen by the student. A wide range of educational cooperation agreements are in place for this purpose with institutions, organisations and companies, covering a great many operational spheres. Business placements have an external tutor and an internal tutor assigned to them. The external tutor is a professional at the company where the placement is being performed, who directs, guides, supervises and evaluates the student’s practical activities. In evaluating these activities the external tutor appraises the abilities, skills and knowledge demonstrated by the students during their time at the host institution, using an assessment questionnaire designed by the External Practical Placement Coordinators. In order to ensure proper organisation and implementation of external practical placements, for each of the training pathways provided there will be an External Practical Placement Coordinator (internal tutor), who will be a lecturer at the postgraduate department responsible for organising the placements connected with the professional area of the pathway in question. The educational goals of external practical placements are:
    • Understand the different fields of application of the Markets and Financial Institutions.
    • Give students an insight into the realities of professional life.
    • Integrate and consolidate the skills covered by the qualification in different professional fields.
  • Seminars and practical activities for professional practice. Meanwhile, participants attend a range of seminars and workshops focused on underpinning their specialist knowledge and skills for professional practice.
  • Employment exchange. CUNEF, in partnership with the CUNEF Alumni Association, administers the job offers regularly announced by companies and institutions.

[1] The professional practical placements (at least 150 hours) are carried out at companies or institutions that have signed the corresponding educational co-operation agreement wherever possible. CUNEF has a wide range of educational cooperation agreements in place for this purpose with institutions, legal practices, organisations and businesses in a range of industrial sectors. In any event, where the placement is performed depends on the agreements in place at any given time, and the offers announced by the partner companies and institutions. In addition to the criteria established in selection processes by each legal practice, company or institution at any given time. CUNEF does not decide who or where; these decisions are instead taken by the legal practices, companies or institutions. It is therefore their responsibility to find a company or institution where students can complete their placement. CUNEF does, of course, offer active advice and support. The students can potentially apply for the recognition of the practical placement subject if they can demonstrate prior professional experience or placements.

Day-to-day teaching activities are supplemented over the year of the master’s program by an additional range of activities allowing participants to extend their knowledge, underpin their professional focus, gain on-the-ground experience of professional practice, or try out for themselves initiatives and proposals developed by the leading experts in professional financial practice. Master in Banking and Market Law and Financial Institutions includes the following complementary activities:

  • The “Passport to your future” Professional Guidance Program. A program where consultants with extensive experience in selection processes, accompany and help participants on the Master in finance programs strengthen their professional performance. The program includes three types of activity:
  • Practical Workshops during which the participants have the opportunity to know first hand from the experts in selection processes key aspects such as: the guidelines for writing and presenting your CV and the Presentation Letter, where and how to look for employment opportunities, how to tackle the different selection processes that companies carry out and how to know your strengths and your areas for improvement, all with the aim of demonstrating a competitive advantage in the market, etc.
  • Meetings with renowned professionals in their respective occupational fields, who give a first-hand presentation of the market in which participants will spend their professional future, along with those professional profiles most in demand, the jobs available to them and the various options offered by companies in their sector.
  • Individual mentoring sessions at which professional mentors allow participants to draw on all their know-how so as to help focus the future professional development of CUNEF master’s program students.
  • Seminar – Practical Workshops ad Conferences. During the masters course a variety of specialisation seminars and practical workshops will be organised, as well as conferences, working breakfasts, presentations, etc., which aim to provide participants with access to specialised knowledge, experiences, initiatives and new projects presented by professional experts, who are leaders in their respective fields.
  • Complementary International Stages Once they have completed their master’s program, those students who so wish can opt for a complementary international training period undertaken at universities or business schools that have a partnership with CUNEF. These periods of international training take place under the aegis of bilateral agreements or exchange agreements, and involve students spending an additional period of training at the partner university, in accordance with the terms set out in the cooperation agreement established between the two institutions.

Specialist in Banking and Financial Advice program

The CUNEF Master in Banking and Market Law and Financial Institutions (MDB) includes an additional complementary (not obligatory) training period so that students can obtain the Specialist in Banking and Financial Advice certificate, in accordance with the new requirements demanded by the Spanish National Securities Market Commissions (CNMV) in order to hold out financial advice positions in Spain.

The Specialist in Banking and Financial Advice training and certification program developed by CUNEF (University College for Financial Studies) covers eleven subjects with a study load equivalent to 200 credits.  The study program includes eleven subjects studying the markets, products and investment instruments that financial institutions offer their clients. It also studies financial consultancy functions.

Specialist in Banking and Financial Advice program No. of hours
Macroeconomic analysis and the financial sector 10 hours
Financial Markets 10 hours
Investment products: fixed income 20 hours
Investment products: equities 20 hours
Investment products: structured products 20 hours
Investment products: mutual funds 20 hours
Investment products: savings products 20 hours
Specific regulations and regulatory compliance 20 hours
Tax advice for financial operations 20 hours
Investment portfolio management 20 hours
Financial planning and financial consultancy 20 hours
Total 200 hours

The program study load is equivalent to 200 learning hours, of which 70% has a theoretical-conceptual focus and the remaining 30% a practical-applied approach. The training program alternates synchronous class-based sessions with online sessions, with “e-Learning” training actions in which the participants interact with the various contents of each subject (technical notes, virtualised content, videos, etc.) in a flexible manner using CUNEF’s online learning platform, which allows each participant to adapt their hours of dedication to their particular circumstances. The online pedagogical methodology is based on the schedule for each learning module in which the participants interact with the tools with study hours and individual work. Through different methodologies and learning approaches, participants consolidate their knowledge and competences in relation to the subjects studied. The training program follows a sequential order allowing students to manage the study sessions (class-based and/online).

The aim of the IQAS is to ascertain in detail the development of official qualifications in accordance with the terms set out in the qualifications verification memorandum. Each year actions are taken to underpin the strengths of the qualification and the institution, to identify and minimise areas for improvement and to ensure proper development of the terms set out in the qualifications verification memorandum. Due interaction with all stakeholders involved in the development of the qualification is likewise ensured so as to enhance quality standards and satisfaction with the qualification.

Year of implementation: 2013

Information on the official status of the qualification (‘RUCT’).

Verification report

Annual monitoring report of the Master

Accreditation renewal report

Spanish Universities Act 6/2001, of 21 December 2001, and the reform applied to this by Act 4/2007, of 12 April 2007, Article 31 of which addresses Quality Assurance , lays down the need to establish quality assurance criteria to facilitate evaluation, certification and accreditation, viewing quality assurance as an essential purpose of university policy. Royal Decree 1393/2007, of 29 October 2007, amended by Royal Decree 861/2010, of 2 July 2010, establishing the regulations governing official university education, clearly indicates that “Quality Assurance Systems, which form a part of the new course curricula, likewise provide the basis for the new educational structure to function efficiently and to generate the trust on which the process of qualification accreditation relies“. The establishment of a Quality Assurance System is thus included in the new official university education regulations as a condition of the process of qualification verification and accreditation.

CUNEF has defined the structure of its Internal Quality Assurance System, known as the Sistema Interno de Garantía de Calidad’ or ‘SIGC’, and the procedures governing this function, in accordance with the demands of Royal Decree 1393/2007, amended by Royal Decree 861/2010.

The SIGC allows CUNEF to ascertain the development of its official qualifications, in support of transparency, the inclusion of continuous improvement strategies and the systematic organisation of actions effectively contributing to qualifications quality assurance and efficiency in processes to appraise verification, monitoring and renewal of mandatory official qualifications accreditation.

The CUNEF SIGC has the following structure: Degree Quality CommitteeMaster’s Program Quality Committee and Doctorate Quality CommitteeTechnical Quality UnitAcademic and Management Unit.

The Quality Committees are responsible for monitoring the implementation of the degree, master’s and doctorate programmes taught at CUNEF. These Committees analyse and appraise the development of the qualifications, making proposals for review and improvement that will be submitted to the Academic Committee and CUNEF Management to be taken into account where applicable.

These committees have the following responsibilities:

  • Manage and coordinate the Internal Quality Assurance System and monitor this process.
  • Monitor and evaluate the quality targets, external practical placements and mobility programmes.
  • Draw up the regulations governing the functioning of the Quality Committees, and make the corresponding proposals to the Academic Committee and the Director of CUNEF for approval.
  • Gather information and evidence as to the development and application of the training programme for the qualification (objectives, development of teaching and learning, methodology, etc.).
  • Manage the Information System for the qualification (information, support and guidance for students, coordination of teaching staff, qualification course resources, mobility programmes, external practical placements, etc.).
  • Supervise fulfilment of the quality policy for the qualification in accordance with the CUNEF quality policy and the UCM quality policy.
  • Promote specific actions to encourage the use of new teaching methodologies and to disseminate and raise awareness of good practice in the field of quality.
  • Draw up guidelines for the development of information systems as to objectives, available resources, management and results of the qualifications course intended for lecturers, students and admin and support staff.

The Academic Committee (see composition in Table 1) is responsible for coordinating improvement proposals connected with qualifications and for decision-making in this regard. The Director of CUNEF is ultimately responsible for validating the decisions reached by the Academic Committee. Each Quality Committee comprises:

  • The coordinators/directors of the applicable official qualifications in each case (degree, master’s and doctorate programme),
  • The representatives (at least one per qualification) of the lecturers teaching each qualification,
  • The representatives (one per qualification) of students sitting for the qualification as candidates,
  • Up to a maximum of three representatives from the professional sphere of university qualifications delivered by CUNEF (where there are alumni among these representatives, they will be selected from this group), and a representative of admin and support staff.

The Master’s Quality Committee is currently in operation (see composition in Table 2). It oversees the proper development of official CUNEF qualifications, and can be sent any comments connected with the quality of qualifications via the suggestions box.

The Quality Committees meet at least twice per year and are governed by the Quality Committee Functional Regulation approved on 24 November 2014.

Master’s Program Quality Committee

Postgraduate Quality Committee Category
Luis Díaz Marcos Postgraduate Program Director and President of the Committee
Alfredo Jiménez Fernández Academic Staff Representative (UMFMI)
Guillermo Velasco Academic Staff Representative (UMBL-UMALP)
Ricardo Queralt Academic Staff Representative (MDS)
Juan Domínguez Jiménez Academic Staff Representative (UMFMI)
Javier Sánchez Hernández Admin Staff Representative. Committee Secretary
Faustino Miranda Admin Staff Representative
Antonio Labarra Calleja Alumni Representative (UMFMI)
Patricia Ciruelos Lara Alumni Representative (UMALP)
René Castro de la Fuente Alumni Representative (UMBL)
Elisa Valiente Rodríguez Alumni Representative (MDSF)
Marcos Fernández Alumni Representative (UMFMI)
Beatriz del Barrio Pérez Alumni Representative (UMALP)
Álvaro Minaya Ibarra Alumni Representative (UMBL)
Patricia Castán AgustínAlumni Representative (MDSF) Alumni Representative (MDSF)
 

14/15

 

15/16

 

16/17

 

17/18

 

18/19

Pre-registered 120 123 81 62 84
Admitted 36 48 41 39 38
Demand rate (pre-registered/places) 333,33% 410,00% 0,00% 206,67% 186,67%
ICM-1 – New enrolment places offered (authorised by the UCM) 30 30 30 30 45
ICM-2 – New enrolment 28 28 30 29 25
ICM-3 – Percentage cover 93,3% 93,3% 100,0% 96,7% 55,56%
ICM-4 – Qualification performance rate 98,08% 97,80% 95,29% 93,86% 93,39%
ICM-5 – Degree dropout rate 12,50% 0,00% 0,00% 10,00% 3,45%
ICM-6 – Teaching Evaluation Program participation rate 100% 100% 100% 100% 100%
ICM-7 – Alumni Efficiency rate 100,00% 98,19% 95,29% 97,70% 94,59%
ICM-8 – Graduation rate 81,25% 93,10% 96,42% 90,00% 90,00%
IUCM-1 – Success rate 95,92% 94,55% 98,43%
IUCM-13 – Student satisfaction with the qualification 7,5 8,6 Not applicable Not applicable 5,54
IUCM-14 – Lecturer satisfaction with the qualification 9 9,06 9,07 9,29 9,1
IUCM-15 – Centre Admin and Support Staff satisfaction Not applicable 8,84 7,1 7,1 7,01
IUCM-16 – Qualification Appraisal Rate 94,88%

*ICM- Indicadores de la Comunidad de Madrid
*IUCM- Indicadores de la Universidad Complutense de Madrid

CUNEF is a highly specialised university education institution focused on the world of business management, finance and financial markets and instruments, and law. Our Degree and Postgraduate programmes set the standard in their respective fields.

To maintain this prestigious standing, CUNEF is committed to the continuous improvement of the teaching, research and services it provides as part of its quality commitment.

In accordance with its equality policy, CUNEF aims to fulfil the reasonable needs and expectations of its students, lecturers, admin and support staff, governing bodies and society at large. To this end the Centre defines the following quality objectives:

  • Pursue excellence in the education given to its students, combining cutting-edge knowledge with an eminently professional focus.
  • Offer its students the very best lecturers for their specialist qualifications in each operational sphere, combining knowledge and educational vocation with lengthy professional management experience in their respective fields.
  • Consolidate its image as a University Centre of acknowledged standing.
  • Underpin its professional network of lecturers, students, graduates/alumni and partner companies to generate benefits in the professional and managerial performance of its graduates/alumni.
  • Achieve an employability rate among graduates/alumni of close to 100%.
  • Commit to the internationalisation of its students, lecturers and programmes.
  • Ensure that the quality policy is understood and accepted by all CUNEF staff and is publicly available.
  • Ensure that the CUNEF Internal Quality Assurance System remains effective and is periodically revised. As the figure responsible for this institution, I undertake to develop and implement this quality policy in order to achieve the highest possible level of performance among our students.

Ana Isabel Fernández Álvarez

Director of CUNEF

The Master Quality Committee meets periodically over the course of the academic year, and at least twice per year. These meetings analyse information regarding the implementation of degree studies and the data revealed by the functioning of the quality assurance system. This review and study of information serves to identify areas for improvement that the Quality Committee conveys to CUNEF Management for approval and execution together with the tasks to be undertaken to eliminate any shortcomings.

The Master Quality Committee maintains a register of quality improvements and strengths which it reviews and updates at least once per term, in accordance with the tasks being performed and the assessment of their impact.

Numerous improvement actions have been conducted since 2013 covering a wide range of aspects, resulting in managerial improvements and enhanced satisfaction among students and other stakeholders, alongside the public information made available about CUNEF itself and its academic offering, etc. Particular mention should be made by way of example of efforts to increase teaching coordination, to incorporate diploma supplements within the degree courses, to review and enhance the website and the information published there, etc.

For more specific and detailed information about how the Master Quality Committee functions and the improvement proposals made, you may contact the email address  sgic@cunef.edu.

The employability of CUNEF alumni represents a variable which is analysed by the Quality Committees, serving to assess professional interest in the qualification while likewise ascertaining whether alumni have acquired the skills initially defined for the course.This analysis will allow proposals to be made to improve the qualification, or to eliminate it if the figures are below 20% for 5 consecutive years. To this end CUNEF conducts yearly surveys of alumni, asking them directly, as set out in the SIGC, whether the training they received has or has not proved useful in the pursuit of their profession, and their professional position before (if any) and after completing the qualification.CUNEF  uses this information to conduct a study of whether the study curricula are appropriate or not, as well as the employability or professional prospects of alumni.

If you would like to contribute to improving everything we do here at CUNEF, you can use this channel to contact us and tell us about your suggestions and complaints and also to tell us what we are doing well. This channel is open to the whole educational community (students, lecturers, administration and services personnel, past students, future students, employers and society in general).

You can send us your comments anonymously or in person. This communication channel (Improve CUNEF) falls under the CUNEF Internal Quality Assurance System. All opinions (anonymous or personalised) are considered and contribute to CUNEF’s continual improvement processes.

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