Teaching and assessment (2017-18): Semester , 1 x 6,000 word essay
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 protection. Here, we will look at fraud, money laundering, the nature of the bank-customer relationship and the duties inherent in that relationship. We will examine both statute and common law, particularly questions of contract, tort and trust in the context of financial services offered by banks. There will be a strong emphasis on bank lending and related questions of security for bank advances of funds.
Note that this course is taught through problem based learning. This means that there are no reading lists and students are expected to conduct their own research into problems which are issued on a weekly basis. Students not used to or equipped for such self-directed learning may wish to avoid this course.
- Seminar topics could include:
- Protecting Consumers
- Mandate and payment
- Customers' duties and recovery of money paid by mistake
- Money Laundering
- Constructive trusts
- Cards and other methods of payment
- Undue Influence
- Overdrafts and lending
- Banking, corporate governance and the financial crisis
- Reflections on banking law