BANKING LAW - 2017/8

Module code: LAWM080

Module provider

School of Law

Module Leader

CHATTERJEE C Prof (Schl of Law)

Number of Credits

15

ECT Credits

7.5

Framework

FHEQ Level 7

JACs code

M200

Module cap (Maximum number of students)

N/A

Module Availability

Semester 2

Overall student workload

Seminar Hours: 20

Assessment pattern

Assessment type Unit of assessment Weighting
Coursework 3,000 WORD COURSEWORK 100%

Alternative Assessment

None

Prerequisites / Co-requisites

None

Module overview

This module will be aimed at giving students an insight into the workings of the banking system. It will examine the nature of the risks taken by UK banks and financial institutions, the laws which regulate these risks and the principles and policies underlying these laws. International and European standards which influence and supplement these laws will also be discussed. Students will further examine the private law of banking, i.e. the bank-customer relationship. Topics covered will include the bank as deposit-taker, lender and payment service provider. In |addition the course will analyse how the law attempts to halt and prevent potential abuses of the financial system by money launderers and financers of terrorism.

Module aims

Learning outcomes

Attributes Developed

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Module content

Topics discussed will include:


Introduction to Banking, Risk and Regulation
The Financial Safety Net
International Banking Regulation: The Basel Committee on Banking Supervision
Core Principles for Banking Supervision and Capital Adequacy
Bankers’ Training and Risk Study
The definition of “bank” and “customer”
Contracts between banks and customers
The bank’s liability in tort and trust
Payment services
Prevention of the Use of the Financial System for Money Laundering and Terrorism Financing

Methods of Teaching / Learning

10 x 2-hour seminars. The seminars will be interactive and students will be expected to come prepared for the seminar and engage actively in discussions. Students will be provided with preliminary reading references but will be expected to undertake additional independent research into the subject. During seminars students will be expected to demonstrate their ability to apply that research to discuss given legal problems, to demonstrate self-direction and originality in tackling and proposing solutions to such problems, and to evaluate critically research and advanced scholarship in relevant areas.

Students will be provided with oral and written feedback on their progress.

Assessment Strategy

Reading list

Reading list for BANKING LAW : http://aspire.surrey.ac.uk/modules/lawm080

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2017/8 academic year.