Introduction to International Financial Law and Regulation
Dates: 29 July - 16 August, 2013
The course will provide a sound understanding of the legal and regulatory aspects of the financial market, with a focus on international and European legislation and regulation. As the City of London is one of the globally most important financial markets, England will be taken as anchor-jurisdiction to develop patterns of global significance that are addressed by legislators and regulators around the world.
Teaching will elaborate on a number of spheres, some of which are very topical:
■market players and global regulatory architecture
■sources of financial law and regulation
■issuance of debt and equity
■trading, clearing and settlement of securities
■credit, collateral and security
■alternative and public investment funds
■netting and derivatives
Each subject will be put in a market context first. This overview is essential with a view to understanding the permanent interaction between market behaviour and the legislators' and regulators' responses to it. Subsequently, its legal underpinnings will be presented, with a particular focus on international instruments. In a third step, the regulatory framework will be analysed, again taking into account international developments.
The combination of the above will lead the course to discussions on the legislative and regulatory response to the recent financial crisis and to an assessment of the effectiveness of changes which are currently under way.
There will be electronic resources for this course containing links to most of the essential reading.
Lectures: 36 hours Classes: 12 hours
Assessment: Written work and one written examination
Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.
Precio total: 3.980 €