[The] Law and Regulation of Banks and Other Financial Intermediaries (20346). 2 or 3 units. This course will begin with an overview of the legal and business environment in which banks and other financial intermediaries (investment banks, insurance companies) operate. The course will focus on the law, history, politics and economics affecting firms engaged in businesses such as banking, insurance, investment banking, mutual funds. We will then discuss entry into the business of banking; the dual banking system; the shadow banking system; corporate governance of banks, activities restrictions and limitations on investments; the regulation of deposit taking; safety and soundness regulation and prudential restriction of bank activities; consumer protection and lender liability; mutual funds; consumer protection and capital requirements; insurance and securities powers of banks and non-banks; affiliations between banks and other companies; examination and enforcement issues; bank failure; and international banking. Particular attention will be paid to the recurring problem of financial crisis, systemic risk and to the Dodd-Frank Wall Street Reform and Consumer Protection Act provisions related to consumer protection, the resolution of failed banks. The concept of “Systemically Important Financial Institutions” and the “Volcker rule,” which purports to prohibit banks and bank holding companies from engaging in proprietary trading (trading with their own capital rather than on behalf of customers) will also be subjects of attention. There are no prerequisites for this course. Information about financial economics and accounting and market microstructure that may be necessary in order to understand the legal and policy concepts developed in the course will be taught as part of the course. Self-scheduled examination and short paper required for 3 units of credit, or self-scheduled examination only for 2 units of credit. J.R. Macey.
SLB - 122 (Mon) Grade mode: graded CRN: 10072
Exam: 12/14/2015 - 12/22/2015 Questions available online Name or Id: Id Length: 3 hour(s)