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2016/2017  KAN-CJURV7601U  Principles of EU Financial Regulation

English Title
Principles of EU Financial Regulation

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc/MSc in Business Administration and Commercial Law, MSc
Course coordinator
  • Georg Ringe - Law Department (LAW)
Kontaktinformation:
https:/​/​e-campus.dk/​studium/​student-hub/​aabningstider-og-kontaktinformation
Main academic disciplines
  • Business Law
  • Finance
  • Globalization and international business
Last updated on 18-03-2016
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: Learning objectives are to
1. Enhance ability to apply legal and economic analysis to critical business and governance problems in the financial sector
2. Improve rhetorical, persuasive and other skills needed to argue successfully both in written and oral form
3. Increase experience in group work and discussions

At the end of the course the student should
• Demonstrate an understanding of the general principles and specific rules of EU financial regulation
• Intelligently discuss problems that may arise from EU financial regulation for business organisation
• Thoughtfully select and persuasively apply the law in order to resolve specific legal problems encountered by financial institutions
• Thoughtfully reflect on the impact of financial law on the economy as a whole
Examination
Principles of EU Financial Regulation:
Exam ECTS 7,5
Examination form Written sit-in exam
Individual or group exam Individual exam
Assignment type Written assignment
Duration 3 hours
Grading scale 7-step scale
Examiner(s) Internal examiner and second internal examiner
Exam period Winter
Aids allowed to bring to the exam Closed book: no aids
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Course content and structure

The course ‘Principles of EU Financial Regulation’ is designed to constitute a platform for interdisciplinary study of major areas of financial regulation in an EU context. The course responsible is Professor Georg Ringe (CBS Law Department), but other researchers from different backgrounds may be involved in teaching different units.

 

The aim of this course is to introduce students into the macro-structures of EU financial law in a global context. The course explains the function of the financial markets in terms of money and credit supply, and the role of financial law in terms of risk mitigation and maintaining long term market stability.

 

The course will

  1. introduce students to the key notions and concepts of EU financial regulation;
  2. explain the role of and relationship between the different players in the financial markets;
  3. discuss how regulation of those actors aims at maintaining the delicate balance resulting in financial stability;
  4. evaluate the merits of regulation of different national and pan-European regulation techniques, and explore their comparative advantages;
  5. explain the legal background of financial instruments and financial techniques;
  6. explain the function of the central bank, financial supervisors and financial regulators within the EU financial system.

 

The approach taken is both functional and comparative, looking at a series of core problems with which any system of financial regulation must deal, and analysing, from a functional perspective, the solutions adopted in the EU. The course seeks to situate these solutions in the underlying concepts and assumptions of the EU framework, as these often provide an explanation for the particular legal solution adopted. To this end, the course begins with a contextual overview of the ‘roots’ of EU financial markets regulation, which are then applied in the following seminars on more substantive topics.

 
Teaching methods
The course will be an elective for cand. merc. (jur.) and other cand. merc. students. Since the aim is to join perspectives from law and economics we also aim for a mix of students from law and business.

The bulk of teaching provision will take the form of 12 two-hour lectures. For these lectures, students will be provided with a detailed reading list and, wherever possible, with course materials accessible through CBS Learn.

Moreover, there will be three two-hour ‘seminar’ sessions, devoted to in-depth discussions of the material covered in the lectures and concrete case-based analysis. These seminars will be co-taught with other researchers in order to enable interdisciplinary discussions and mutual learning. Students may be invited to give short presentations.

The course will be examined by a four-hour written examination at the end of the course. Candidates will be required to answer essay and/or problem questions, which may cut across topics covered in the course. Candidates will be expected to show a detailed analytical knowledge of relevant materials. They will also need to display a good grasp of the theoretical and contextual readings, an ability to analyse, assess and synthesise the corporate governance theory with the legal material, an understanding of the strengths and limits of comparative and interdisciplinary perspective, and an ability to present a clear, concise and well-structured argument with some of their own insights.
Student workload
Preparation 80 hours
Teaching 30 hours
Postprocessing and study 90 hours
Exam 4 hours
Expected literature

Students will be expected to read a range of survey articles and research papers.

 

Background reading includes

  • Jakob de Haan, Sander Oosterloo and Dirk Schoenmaker, Financial Markets and Institutions: a European Perspective (3rd edition, Cambridge University Press 2015)
  • Niamh Moloney, EU Securities and Financial Markets Regulation (3rd edition, OUP 2015 – paperback expected January 2016)

 

The complete reading list will appear in the semester plan.
Last updated on 18-03-2016