This course surveys the complex regulatory regime that is evolving to govern the operations of private banking organizations in the global marketplace. Banking had it origins in a quintessentially transnational context: the facilitation of commerce between merchants doing business in distant places. The course covers
(1) national legal regimes applied to transnational financial transactions and multinational banks, including particularly U.S. regulation of international banking (which comprises both regulation of foreign banks' activities within the United States and regulation of U.S. banking organizations' activities abroad);
(2) regional laws that cross national boundaries, e.g., the European Union's Second Banking Directive and other pertinent directives;
(3) supranational regulation of banking organizations (e.g., the Bank for International Settlements and the G-10 countries "Basle Accords", international anti-money laundering initiatives and international anti-terrorism initiatives under the auspices of the United Nations, the OECD, and other multilateral arrangements); and
(4) international public finance, including consideration of international organziations such as The World Bank and the International Monetary Fund. Neither Banking Law nor International Law is a prerequisite for this course, though both are recommended.
Financial Services Concentration Requirements
International Law Concentration Requirements
<<Course Updated: October 06, 2010>>