You may choose to study one of our six specialist LLMs or create a unique programme tailored to your areas of interest. At the start of the semester you will have the opportunity to attend taster lectures and to speak to module leaders before you make a decision on whether to undertake a specialist or tailored LLM.
For all options, you will need to study full or half-modules that add up to a total of 180 credits. A list of all modules is shown below. Each module is worth 40 credits (with half modules worth 20 credits). You will need to select modules of your choice that add up to 120 credits in total.
To achieve the additional 60 credits you need to choose between guided LLM research options, which include a longer dissertation or shorter research essay requirement.
The modules listed below are those related specifically to the LLM in International Financial Law pathway. The general Master of Laws entry lists all available LLM modules.
In the first and second semester you study your selection of taught modules (half and full). These are in most cases assessed in the third semester (May/June) by written examination, or in some cases by the submission of an assessed essay. Please see further details for each individual module in the module list below.
Dissertation or research essays must be submitted in September, after the May/June examinations.
Mixture of two-hour lectures and seminars.
Indicative/suggested reading: Ellinger, Lomnicka and Hare, Ellinger's Modern Banking Law (5th ed, 2011), Chs 1 and 3.
This module seeks to introduce you to the principles of English banking law, and to consider those principles in the light of modern banking practice, with particular emphasis on the impact of new technologies on the development of banking law and practice. The following areas will be covered in the module: structure of banking in the UK; the bank-customer relationship, including mandate, countermand, duty of care, fiduciary aspects, confidentiality, termination, and dispute resolution; banks and undue influence; banks and fraud; the current account; special types of account; interest-bearing accounts; payment and payment systems, including the nature of payment, electronic funds transfer and electronic money; cheques and other payment instruments; payment cards, including cheque cards, credit cards, charge cards, debit cards, ATM cards and electronic purses; incidental services performed by banks; methods of bank finance, including overdrafts and loans.
This is the foundation module in financial risk and financial regulation. It explains what modern commercial banks and investment banks do, what products and services they develop and offer (now usually at the international level), what risks they take, what the legal and regulatory concerns are in terms of their operations, risk management and client protection, and how modern law and regulation attempt to deal with these matters.
The further subject is the operation of the modern financial markets in bonds, equities and derivatives, the manner in which these investments are now issued, traded and held; the trading, custody, clearing and settlement of these financial products; and the modern legal frameworks that operate in this connection and the regulatory principles that apply.
Finally the principle issues and concerns in investment management will be discussed as well as the regulatory regime concerning this activity.
This is module is practical as well as conceptual. You do not need prior knowledge in the field of modern finance.