LLM in Transnational and European Commercial Law, Banking Law, Arbitration/Mediation > Institutional Banking Law: Banking Services – Credit Assurance – Bank Surveillance – Consumer Protection in the Banking Sector

Institutional Banking Law: Banking Services – Credit Assurance – Bank Surveillance – Consumer Protection in the Banking Sector

Teaching hours and credit allocation: 30 hours, 6 credits
Course assessment: coursework + exam

Aims

The aim of this module is to provide the students with a concrete knowledge of the law relating to the banking business. The course will also discuss the bases of banking law and regulation and the framework and principles governing banking services and credit assurance internationally. It will also offer an overview of the legal aspects of bank deposits and the legal foundations of the banker-customer relationship, focusing on consumer protection. Emphasis will be given to the legal principles governing the law of bank lending internationally (with a focus on the European Union and the United States) and the legal framework of other aspects of a modern bank like bank surveillance.

Learning outcomes

On completing the course, students are expected to be able to:

  • understand the legal framework of banks and banking services in different jurisdictions
  •  understand the issues relating to credit assurance and bank surveillance
  • understand the cross-border differences in the legal rights of creditors
  • have an overview of relevant rules realize the connection between banking development and the rights of creditors and the efficiency of contract enforcement
  • develop critical understanding of the evolution of the payment system in international sales and reflect on the forces shaping it;
  • understand the issues relating to consumer protection in the banking sector.

Content

  • Legal Aspects of Banking Operations
  • Regulatory Framework and Compliances
  • Banking Related Laws
  • Banking services
  • Securities for Banker’s Loans
  • Guarantees
  • Credit assurance
  • Bank surveillance
  • Consumer protection