Banking and Finance Law

Aim

After completion of the course, the student shall at an advanced level be able to:

• identify and explain key concepts defining the regulation of the banking and financial system,
• account for and discuss certain areas of banking and financial regulation, such as the regulation of payment and settlement systems, capital and liquidity controls, supervision of banks and other actors in the financial system, bank insolvency and resolution, payment systems, and know-your-customer (KYC) legislation,
• account for the regulation of fund management, in the fields of collective investments and alternative investment funds,
• express, orally as well as in writing, conclusions, acquired knowledge, and arguments in English,
• display a critical and reflective attitude towards judicial developments in fields such as Fin-Tech,
• reflect on ethical and sustainability issues, in fields such as ethical investing, Islamic banking, anti-money laundering and investor/consumer protection regulation.

Content

The course is divided into four sections with different subject areas. During the first section the financial regulatory system, with the regulatory authorities and supervisory functions at the national level, at the European Union (EU) level as well as at the global level are identified and explained. During the second section, focus is on banking regulation. During the section, the regulation of payment and settlement systems, capital and liquidity controls, supervision of banks as well as bank insolvency and resolution is covered. During the third section, the regulation of collective investement funds as well as actors in areas such as shadow banking is discussed. During the fourth and last section, the aim is to reflect on ethical and sustainability issues as well as the development of the banking and financial system. The topics covered in the last session include ethical investing, alternative investment forms, such as Islamic banking, anti-money laundering regulation, KYC legislation as well as recent developments in the field of Fin-Tech.