1 Monash Business School Department of Banking and Finance BFC5916: International banking Semester 2 2021 ASSIGNMENT TYPE: INDIVIDUAL WRITTEN ASSIGNMENT DUE DATE/TIME: On or before 5 pm October 8th, 2021. PENALTIES: MARKS WILL BE DEDUCTED FOR LATE SUBMISSION OF WORK. LENGTH: Maximum of 2,000 words (excluded the letter of transmittal, the executive summary, the table of contents, footnotes, appendices and bibliography or list of references). Include a computer word count on the cover page and at the end of your assignment. GRADING: Marking of the assignment will follow the grading scheme described on the last two pages of this assignment (as far as it applies). 2 ASSIGNMENT ISSUE The pace and the degree of digital transformation in the financial sector is accelerating in the wake of COVID-19. Discuss with examples. The assignment must be word-processed (single page) on A4 paper and presented in business report format. It should include in the following order: a letter (or a memo) of transmittal (addressed to the lecturer stating that the assignment report is being submitted and also briefly describing in one or two sentences the significance of the issue/s addressed in the report), executive summary, table of contents, footnotes, appendices and bibliography or list of references. Your report must have a ‘Conclusion’ but not ‘Recommendations’. Please avoid incorporating sub-sections for Purpose, Scope, Methodology, Assumptions, Limitations and Recommendations in your report. All BFC5916 students should read very carefully the Q-Manual: https://www.monash.edu/__data/assets/pdf_file/0005/506345/qmanual.pdf, in particular, Chapters 5 (Assignment Writing - An overview), 6 (Report Writing), 9 (Plagiarism), 10 (Referencing) and follow very closely the guidelines given there. The number of words used in the letter of transmittal, the executive summary, the table of contents, footnotes, appendices and bibliography or list of references is excluded from maximum word limit of 2,000 words. All assignment reports should have the enclosed assignment cover sheet as required by the Faculty of Business and Economics. Non-compliance with this requirement will result in loss of marks. The coversheet can be submitted as a separate file, together with the main assignment file, using the submission link provided on Moodle. Students need to read the University's regulations regarding cheating. Plagiarism or extensive paraphrasing will result in zero marks. All BFC5916 students must retain a copy of the assignment for their future reference. Submission details: Electronic submission ONLY: Assignment should be submitted via Turnitin link through Moodle. The similarity report will only be available to the markers, not students. This report highlights parts of your assignment that are identical to other sources. This will not be a problem of you have cited your sources correctly. If one group submits two or more copies, Turnitin will indicate that these assignments have 100% similarity. WARNING: Your report will be data matched therefore, make sure not to copy/use anything frrom any source without acknowledging. NO hardcopy submission is accepted. ONLY submit your assignment via Turnitin link on Moodle. Failure to submit your electronic copy using the link provided on Moodle, before the deadline, may incur penalty marks of 50% (or more) of your total marks. L ATE SUBMISSION As stated earlier, all assignments received after the deadline will be subjected to a penalty of two marks per day up to two weeks late (including weekends and Monash University holidays if any). Assignments received later than two weeks after the due date will not normally be accepted. 3 G RADING SCHEME FOR BFC5916 ASSIGNMENT HD HIGH DISTINCTION (16 marks and upward) The student demonstrates the competencies in distinction standard, and in addition, she or he:  Demonstrates originality and initiative;  Demonstrates an awareness of limitations D DISTINCTION (14 – 15.75 marks) The student:  Provides evidence of analysis and critical thinking;  Demonstrates an ability to evaluate;  Demonstrates a progressive, convincing and clear argument throughout the work;  Demonstrates selectivity and judgement in determining the importance of readings and ideas;  Shows evidence of wide reading and synthesis of ideas;  Utilises additional material to supplement information provided. C CREDIT (12 – 13.75 marks) The student:  Demonstrates an understanding of concepts, theories and issues;  Is able to identify strengths and weaknesses in theories/readings; and use these as a basis for evaluation;  Is able to apply information to practices/situation;  Develops a clear recommendation with rationale for assumptions;  Integrates writing and demonstrates links between components;  Will rarely, if ever, show evidence of original work;  Provides a structured, sourced and referenced work;  Expresses himself/herself concisely and clearly, and exhibits relatively error free writing;  May rely heavily on the text and assigned readings; and  May sometimes lapse into description rather than providing analysis and evaluation; P PASS (10 – 11.75 marks)  The student essentially demonstrates an understanding of concepts, theories and issues but will tend to restate rather than evaluate; 4  Does not transform data in terms of structure, synthesis or application;  Relies heavily on text, or text and limited readings;  May demonstrate coverage, which is sparse in places;  Provides little or no evidence of critical analysis;  Provides little or no evidence of research;  Tends to use one limited approach, possibly with a narrow focus; and  Provides an acceptably sourced and referenced work but improvement may be necessary in structure and grammar. N FAIL (Less than 10 marks)  Specific problems, which the student may demonstrate as follows: The student misunderstands the question;  Fails to demonstrate understanding of theory and concepts;  Fails to identify the problems or issues;  Does not provide any evidence of having covered the minimum readings; and  Does not write to an acceptable academic and professional standard. 5 Please DO NOT attach this sheet to your report BFC5916: International banking, Semester 2, 2021 Marking Guide – Major Assignment Student Name: Student Number: Letter/memo of transmittal, Executive summary, Table of contents, Bibliography/Reference, Appendices, Assignment Declaration sheet duly filled up, signed and attached and Citation of references in text (Maximum 2marks) Poor Inadequate Good Excellent Introduction to the issue and explain the meaning of digital transformation 1.0 2.5 3.5 4.0 What creative digital solutions have appeared due the COVID-19 pandemic in the financial sector? 2.0 3.0 4.0 5.0 Provide and discuss real world examples 2.0 2.0 4.0 5.0 Charts/Figures/ Graphs/Conclusion 0.75 1.5 2.5 3.0 Overall presentation of the report Maximum 1 mark Total 6.75 10 15 18 Mark Given Comment: Marker’s name: DEPARTMENT OF BANKING AND FINANACE ASSESSMENT COVER SHEET Student’s name (Surname) (Given names) ID number Phone Unit name International banking Unit code BFC5916 t Title of assignment The pace and the degree of digital transformation in the financial sector is accelerating in the wake of COVID-19. Discuss with examples. Name of the Tutor/ Tutorial Date and Time Is this an authorized group assignment? Yes No Care: each student must attach their own signed cover sheet to the assignment. Has any part of this assignment been previously submitted as part of another unit/course? Yes No Due date: 08/10/2021 by 5pm Date submitted All work must be submitted by the due date. If an extension of work is granted this must be specified with the signature of the lecturer/tutor. Extension granted until (date) ................................ Signature of lecturer/tutor ................................................. Please note that it is your responsibility to retain copies of your assessments. Intentional plagiarism or collusion amounts to cheating under Monash University S tatute 4.1 – Student Discipline. Plagiarism: Plagiarism means to take and use another person’s ideas and or manner of expressing them and to pass these off as one’s own by failing to give appropriate acknowledgement, including the use of material from any source, staff, students or the internet, published and unpublished works. Collusion: Collusion means unauthorised collaboration on assessable written, oral or practical work with another person. Where there are reasonable grounds for believing that intentional plagiarism or collusion has occurred, this will be reported to the Associate Dean (Education) or nominee, who may disallow the work concerned by prohibiting assessment or refer the matter to the Faculty Discipline Panel for a hearing. The information on this form is collected for the primary purpose of assessing your assignment and ensuring the academic integrity requirements of the University are met. Other purposes of collection include recording your plagiarism and collusion declaration, attending to course and administrative matters and statistical analyses. If you choose not to complete all the questions on this form it may not be possible for Monash University to assess your assignment. You have a right to access personal information that Monash University holds about you, subject to any exceptions in relevant legislation. If you wish to seek access to your personal information or inquire about the handling of your personal information, please contact the University Privacy Officer: p rivacyofficer@adm.monash.edu.au Student Statement: I have read the university’s Student Academic Integrity P olicyand P rocedures. I understand the consequences of engaging in plagiarism and collusion as described in U niversity Statute 4.1 – Student Discipline, Part 2 Misconducthttp://adm.monash.edu/legal/legislation/statutes/statute4-1-student-discipline.pdf. I have taken proper care to safeguard this work and made all reasonable efforts to ensure it could not be copied. No part of this assignment has been previously submitted as part of another unit/course. I acknowledge and agree that the assessor of this assignment may for the purposes of assessment, reproduce the assignment and: provide to another member of faculty and any external marker; and/or submit it to a text matching software; and/or submit it to a text matching software which may then retain a copy of the assignment on its database for the purpose of future plagiarism checking. I certify that I have not plagiarised the work of others or participated in unauthorised collaboration when preparing thisassignment. D ate…………………………………… * delete (iii) if not applicable