Postgraduate - UnitLAW7323 - International banking and finance: Law and practice

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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

Level	Postgraduate
Faculty	Faculty of Law
Offered	City (Melbourne) First semester 2014 (On-campus split block of classes)

Notes

For postgraduate Law discontinuation dates, please see http://www.law.monash.edu.au/current-students/postgraduate/pg-disc-dates.html
For postgraduate Law unit timetables, please see http://law.monash.edu.au/current-students/course-unit-information/timetables/postgraduate/index.html

Quota applies

Postgraduate programs are based on a model of small group teaching and therefore class sizes need to be restricted.

Synopsis

This unit examines the development, operation, and regulation of contemporary international financial system and markets. It also examines the transactions that are conducted within those financial markets, how the transactions are structured, the potential legal problems and how they can be overcome or managed.

The major national markets of the United States, Europe, Australia and other countries will be considered, as will the important areas of international financial regulation and policy concerning infrastructure, including capital adequacy, clearance and settlement, foreign exchange and payment systems.

Outcomes

On completion of this unit, students should:

have an understanding of the principal financial markets of the world and their interrelation one with another
have an understanding of the historical development of those markets, and inherent weaknesses
have an understanding of the various views, including economic theories, concerning the rationales for and objectives of regulating activities of those markets
understand the legal problems arising from international and national financial regulation
have an understanding of the regulatory options facing the international financial regulation system as a system, and emerging markets nations individually
be able to critically analyse and evaluate the operations of, and consequences of the activities in international financial markets
be familiar with the international agreements, regimes and institutions that influence and regulate international financial transactions
understand the main issues that should be addressed when negotiating a contract for the provision of international financial accommodation
have an understanding of the national and international legal structures and principles dealing with, and governing, international financial instruments
understand the main types of structures used in international financial instruments
have an appreciation of the unresolved legal issues in international financial transactions, and the range of potential solutions to them.

Assessment

Written research assignment (3,750 words): 50%
Take-home exam (3,750 words): 50%

Chief examiner(s)

Dr Emmanuel Laryea Research ProfileResearch Profile (http://monash.edu/research/people/profiles/profile.html?sid=3575&pid=3458)

Workload requirements

24 hrs of seminars/semester

Prerequisites

There are no specific prerequisites or co-requisites, but a sound knowledge of commercial law of at least one jurisdiction is desirable.

Prohibitions

Students of this unit are prohibited from taking LAW4188 and vice versa.