LLB Law

The unit is aimed at third year LLB students, especially those seeking to expand their knowledge of commercial law. It addresses the practical and legal issues of banking law and the relationship between banks and their customers. The unit examines the legal rules and principles regulating the banking industry and the liability of banks to their customers and the state. Students will reflect on the implication of banking rules and practices on the society.
 

The unit aims to:

1. Provide students with theoretical and practical legal knowledge of banking law 

2. Develop students' awareness of the relationship between a bank and its customers 

3. Analyse the legal nature of a bank as a deposit-taking and credit institution 

4. Provide students with knowledge of the duties owed by banks to their customers

5. Guide students to critically analyse the impact of banking rules on society and customers.

5. Provide opportunities for students to develop skills in teamwork and constructive discussion, during workshop activities. 

Syllabus (indicative curriculum content):

• Introduction to banking law (- classification of banks, sources of banking law, the legal nature of banks) 
• The relationship between banks and their customers 
• Payment systems 
• Banks as a source of finance 
• Banking regulation and supervision. 

This course unit will be taught using a combination of lectures and workshops. The standard approach of a 2 hour lecture per week will apply. The lectures will be substantiated with 8 hours of interactive workshops.

Students should be able to evaluate the rules and principles regulating the functions of a bank, for instance deposit taking and provision of credit facilities, as well as the create and enforcement of security for credit provided to customers. 
Students will be able to analyse different views on the law regulating banking.
 

Student should be able to demonstrate the application of banking rules and principles to practical issues. Student should also be able to develop good legal arguments on banking principles and to assess the influence of banks on the financial market.
 

Students should be able to identify legal issues pertaining to banking law and address them with the aid of statutes, cases, journal articles, and other credible authorities. 
Students should equally be able to demonstrate an ability to discuss and develop arguments in the context of banking law. 
 

Students should be able to communicate, structure and provide support for arguments; access different views and demonstrate analytical reasoning; and to illustrate commercial awareness in the banking sector.
 

Students will receive individual and cohort feedback within the standard university timeframe.

1. Cranston, R., Avgouleas, E., Van Zwieten, K., Hare, C. and Van Sante, T., 2018. Principles of banking law. Oxford University Press. 

2. Iris H. Chui and Joanna Wilson, 2019. Banking Law and Regulation. Oxford University Press.