LAWSG032 Banking Law

Credit value: 30 credits (15 ECTS, 300 learning hours)
Convenor: Iris H Chiu
Other Teachers: Graham Roberts;
Alan Brener;
Nikoletta Kleftouri
Teaching Delivery: 20 x 2-hour weekly seminars, 10 seminars per term, Term One and Two
Who may enrol: Any UCL Master’s student
Prerequisites: None
Must not be taken with: None
Qualifying module for: LLM in International Banking and Finance Law
Introductory video View introduction video from the module convenor
Practice Assessment: Opportunity for feedback on one optional practice essay per term (two in total)
Final Assessment: One 3-hour unseen written examination (100%)
Module Overview
Module summary:

The module will examine the principles that underpin the regulation of banking in the first term. It will look at international and EU bank regulation, at the structures of regulation in different jurisdictions and, in particular, at bank regulation in the UK. The module in the second term turns to the relationship between banks and customers in English Law, examining the rights and obligations of the parties before moving on to principles of the law of payment.

Module aims:

  • to enable students to familiarize themselves with the core principles of banking regulation
  • to develop their critical faculties by evaluating the rules, policies, and principles of banking regulation; and
  • to develop their analytical faculties by identifying and resolving legal issues relating to the regulation of banks and the relationships between banks and customers

Module objectives:

By the end of the module, students should be able to:

  • identify and understand legal issues arising in banking
  • obtain a thorough understanding and application of complex statutory, common law and international material
  • critically evaluate the policies and values inherent in the structure of banking regulation
Module syllabus:

  • Regulatory Architecture in the UK
  • UK’s relationship with the EU in the banking market
  • International regulatory architecture
  • Microprudential regulation
  • Structural Reforms in the UK
  • Bank Crisis and resolution
  • Aspects of the Banker-customer relationship
  • Payment services regulation and oversight
Recommended materials:

The reading materials for each topic are provided in the handouts for each topic, and the below are only useful resources for reference. Teaching is not structured in accordance with any of the books below, and students should be prepared to consult primary EU and UK legislation, and the PRA Handbook, relevant case law, official papers and journal articles, as well as parts of relevant books.

Preliminary reading: