Undergraduate - UnitLAW4188 - International banking law 406

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

This unit examines international banking and securities transactions and their regulation. Major national markets will be considered along with important areas of international financial regulation and policy. An analysis of international financial instruments including international asset securitisation is followed by the regulatory regimes governing stock markets and derivatives. Emerging markets generate special issues for international finance. Three types of emerging markets finance will be looked at, as well as the impact of the 1997 Asian financial crisis. Finally is there a need for reform of the international financial system and the role of the IMF following September 11?

Outcomes

On completion of this unit, students should

1. have an understanding of the various views, including economic theories, concerning the rationales for and objectives of international and national financial regulation;
2. understand the legal problems arising from international and national financial regulation;
3. understand the main issues that should be addressed when negotiating a contract for the provision of international financial accommodation;
4. have an understanding of the national and international legal structures and principles dealing with and governing international financial instruments;
5. be familiar with the international agreements, regimes and institutions that influence and regulate international financial transactions;
6. understand the main types of structures used in international financial instruments;
7. understand the financial infrastructure behind international financial regulation and policy;
8. be familiar with the legal structure and operation of (some) national models of banking , stock broking and derivatives regulators;
9. appreciate the need for reform of some aspects of the international financial system.

Assessment

Research assignment (2400 words): 30%
Examination (2 hours writing time
30 minutes reading and noting time): 70% OR Examination (3 hours writing time
30 minutes reading and noting time): 100%

Contact hours

Three hours of lectures per week

Prerequisites

LAW1100 or LAW1101 and LAW1102 or LAW1104; LAW2100 or LAW2101 and LAW2102