| Unit name | Banking Law |
|---|---|
| Unit code | LAWDM0005 |
| Credit points | 30 |
| Level of study | M/7 |
| Teaching block(s) |
Teaching Block 4 (weeks 1-24) |
| Unit director | Mr. Ghafoor |
| Open unit status | Not open |
| Pre-requisites |
None |
| Co-requisites |
None |
| School/department | University of Bristol Law School |
| Faculty | Faculty of Social Sciences and Law |
Banking law has traditionally involved studying the legal relationship between banks and their customers, which rests on well-established rules of common law and statutory provisions. The financial world has been so volatile during recent years, however, that the unit has changed considerably. Although the traditional law, including the banker-customer relationship, negotiable instruments and other methods of payment, is still considered in depth, the student is also expected to consider modern developments in duties of care and constructive trusts, and is introduced to bank regulation (both domestically and in the EU) and to the effect of the revolution in technology on the law and practice of banking. The course includes study of developments such as the 1989 Jack Committee Report, the introduction of the Banking Code and the work of the Financial Services Ombudsman. The student will be expected to study aspects of consumer protection for customers and the current discussions about money laundering.
