This module primarily considers laws regulating banking in the UK, with a particular emphasis on the relationships between banks and their customers and the role of consumer protections. Here, we will look at fraud, money laundering, the nature of the bank-customer relationship and the duties inherent in that relationship. We will also look at standards set out in the Financial Conduct Authority's Handbook, and the work of the Financial Ombudsman Services, the Financial Services Compensation Scheme and the Office of Fair Trading. As will be obvious from the global financial crisis, the context, globalization and supranational regulation of banking activities are important and so this module will encourage students to think about the wider impacts of what they have learned.
Learning Outcomes
By the end of the module students should be able to:
Demonstrate knowledge of banking law and policy, including knowledge of relevant caselaw, legislation, statutory instruments and related regulations, significant policy documents as well as academic literature
Bring together and present coherently materials from primary and secondary sources which deal with the issues addressed in the module
Make personal and reasoned judgements about the material covered in the module
Apply the law in this module to complex factual scenarios and advise on areas of contention and uncertainty
Assessment
26083-01 : Essay : Coursework (100%)
Assessment Methods & Exceptions
Assessment: 5,000 word essay
Method of reassessment: Re-sit failed component(s)
