Banking Law

Banking law is a course designed to introduce students to the legal principles, rules and regulations of banking law. The course borrows largely from international banking by exploring some international legal instruments regulating banking practice. It also highlights the relevance of domestic laws in regulating banking practice in the Commonwealth Caribbean by considering the statutes, policies and case law on the subject within the region. By exploring banking regulations both from domestic and international perspectives, the course examines the theoretical basis, as well as the framework for such banking regulations and supervision. The basic principles underlying banking law with a particular emphasis on the relationships between banks and their customers, the position and role of banks in money laundering and some key banking practices such as loan sales and asset securitization will be explored in a manner that gives students a solid understanding of the broader social, economic and political issues underlying the rapid evolution that is presently taking place in the banking industry. The course concludes by examining some issues in international banking which will deepen students’ understanding of major trends in cross - border banking, documentary credits and performance bonds.