What is the purpose of banking law? Why are banks subject to distinct forms of regulatory supervision? You will learn about UK banking law and about the broader social, economic, and political issues and controversies that have surrounded banking in the years since the Global Financial Crisis of 2008. You will appraise and analyse the role of banks in money creation. You will explore the relationship between banks and the UK’s banking regulators, including the Bank of England. You will learn about the bank-customer relationship, the role of banks in the payments system, and the anti-money laundering regime with which banks must comply. You will explore the lending of money by banks to their customers, and the security taken for the loans granted. Throughout this module, you will be encouraged to consider and evaluate the tensions and controversies that banks and banking regulators face as they pursue their sometimes complementary, sometimes conflicting objectives.
Lectures 16 hours, Seminar / Workshops 16 hours
Short Writing Piece. Assessment Details: Short Essay (1,250 words worth 30% of the total marks for the module.
Extended Writing. Assessment Details: Extended Essay (2,250 words)worth 70% of the total marks for the module. This Assessment is Pass Compulsory.
Reassessment Method: Like-for-like
For reading lists see the detailed module information on moodle
On successfully completing the module, students will be able to:
1)Identify why banks are subject to, and benefit from, distinct forms of regulatory supervision and support.
2) Appraise and analyse the tensions and controversies that banks and banking regulators face in relation to current, on-going controversies.
3) Exercise informed judgement, drawing on relevant academic scholarship, to communicate conclusions clearly to both specialist and non-specialist audiences.
4) Critically evaluate the remit and responsibilities of the UK's banking regulators.
5) Appraise and analyse the purpose of UK banking law in relation to the provision of banking services.
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