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Dr. Deepa Govindarajan Driver

Programme Director: MSc Financial Regulation and MSc Capital Markets, Regulation and Compliance

Lecturer in Governance, Regulation and Risk

Deepa Govindarajan



ICMA Centre, Whiteknights Campus

Deepa Govindarajan is Programme Director for the MSc Capital Markets, Regulation and Compliance. She teaches governance, compliance, risk management and regulation within the Master’s degree programmes.

Deepa was the founding programme director and content design lead for the Masters in Financial Regulation for the UK financial regulator (FCA), which is a unique specialist executive programme in regulation. Deepa’s research interests cover corporate risk appetite, senior management arrangements and governance within financial institutions, qualitative decision-making, operational risk, the socio-political context of banking & financial regulation and the comparative study of international banking regulation.

Deepa serves from time to time as an independent expert advisor to regulators, banks, asset managers and insurers. She facilitates Board discussions related to the definition and dissemination of risk appetite, and the risk implications of strategic choices. Deepa’s career to date includes roles at Citigroup, Lloyds Banking Group, the Financial Services Authority (UK) and in consulting both in continental Europe and in the UK. Deepa is currently the Chair of the UCU's National Dispute Committee as well as the Independent Expert Member at Finance Watch.

Financial Regulation (new for 2022/23)

This module develops a fundamental understanding of and critical perspectives on the rationales, purpose, design, application and consequences of financial regulation globally....

Module code: ICM338

Governance, Power and Accountability (new for 2022/23)

This module introduces students to the theory and practice of governance with a particular emphasis on corporate governance. The module then focuses on a critical discussion of power and accountability...

Module code: ICM336

Stakeholders and the Business of Finance

This module seeks to establish a wide-ranging, substantive foundation for the study of financial regulation through developing a strategic understanding of the financial sector’s landscape, the business and underlying activities...

Module code: ICM131

Risk Management in Financial Services

This module allows students to develop a meaningful understanding of financial intermediation, the consequent risks posed to, and by, financial intermediaries, and how these should be addressed....

Module code: ICM128

Governance and Compliance in Financial Services

This course enables students to develop a deep practical understanding of the corporate governance and compliance challenges specific to financial intermediaries and how these should be addressed within regulated firms...

Module code: ICM294

Topics in Financial Regulation

This module provides an overview of the purpose and operation of financial regulation, and the consequences of financial sector reform for different markets, including those of the students’ home country...

Module code: ICM295

Ethics in Investment Management (BSc)

To introduce students to the ethical difficulties encountered by investment professionals as they invest other people’s money. By the end of the course students will appreciate the ethical standards imposed...

Module code: IC105

Corporate Governance and Accountability

The objective of the module is to introduce students to the concept of corporate governance, to explain how governance varies around the world and to explore the potential and actual...

Module code: ICM270

Past Events

5 March 2019 Palace of Westminster, London
4 December 2017 The Square, Coudenberg 3, 1000 Brussels
17 June 2017 ICMA Centre, Henley Business School, University of Reading, Whiteknights, Reading, RG6 6BA

Most recent news & media

Working Papers

Govindarajan, Deepa, Corporate Risk Appetite: Ensuring Board and Senior Management Accountability for Risk (November 17, 2011). ICMA Centre Discussion Papers: 2011 Series. Available at SSRN:

Working Papers

Govindarajan, Deepa, Corporate Risk Appetite: Ensuring Board and Senior Management Accountability for Risk (November 17, 2011). ICMA Centre Discussion Papers: 2011 Series. Available at SSRN: