LAW4188E

International banking law 406 ( 6 points, SCA Band 3, 0.125 EFTSL)

Leader: Mr Paul Brenner

Offered:
Not offered in 2005.

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?

Objectives: 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: Assessment will consist of: (1) an optional written research assignment of 3500 words, worth 50% of the total assessment, to be submitted within 1 month after examination; (2) an open book examination of 3 hours, worth 100% of the total assessment, for students not undertaking the assignment or an open book examination of 1.5 hours worth 50% of the total assessment if the assignment is submitted.

Prerequisites: LAW2100