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LAWS17-734: International Financial Systems Law September 2021 [Mixed (Face-to-Face) - Intensive Weeks 4 & 5 Online Weeks 4 - 7]

General information

International Financial Systems Law is an elective subject in postgraduate programs offered by the Faculty of Law in which undergraduate students may be permitted to enrol. The topics to be covered in the subject include the causes of the global financial crisis, the law and legal environment within which financial systems operate internationally, global regulators and supervisors, emerging global trends including the Islamic banking and finance, international prudential standards and governance, and the current global issues on frauds, international crimes, money laundering and combating the financing of terrorism.

Details

Academic unit:Faculty of Law
Subject code:LAWS17-734
Subject title:International Financial Systems Law
Subject level:Undergraduate
Semester/Year:September 2021
Credit points:10

Delivery & attendance

Timetable: https://bond.edu.au/timetable
Delivery mode:

Mixed (Face-to-Face)

Workload items:
  • Seminar: x2 (Total hours: 8) - Seminar 1
  • Seminar: x2 (Total hours: 8) - Seminar 2
  • Directed Online Activity: x8 (Total hours: 8) - Online
  • Personal Study Hours: x12 (Total hours: 96) - Recommended Study Hours
Attendance and learning activities: This subject is taught in two weekends in multi-modal mode (Saturdays and Sundays 2-6pm) and attendance is compulsory (unless excused). These classes comprise interactive lectures (frequent Q & As and discussions) and tutorials. There are also 6 online exercises where students are to answer a total of 6 questions online.

Resources

Prescribed resources:
  • Mei Pheng Lee (2016). Law & Regulations in Malaysian Banking. 1st, Kuala Lumpur: Oxford Jan 5, 2022 12:00:00 AM
After enrolment, students can check the Books and Tools area in iLearn for the full Resource List.
[email protected] & Email:[email protected] is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.

To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au

Enrolment requirements

Requisites: ?

Nil

Restrictions: ? This subject is not available to
  • Students on US Financial Aid
  • Students on a Student Visa who have already completed one third (33%) of their total program online.

Must have completed a minimum 120 Credit Points of LAWS subjects AND have a minimum average of 65% in LAWS subjects. Must be admitted into a Bachelor Law degree OR Bachelor of Laws combined degree OR be an approved Law Study Abroad or Law Exchange student.

This subject is not available as a general elective. To be eligible for enrolment, the subject must be specified in the students’ program structure.

Assurance of learning

Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.

At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.

Program Learning Outcomes (PLOs)

Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.

Find your program

Subject Learning Outcomes (SLOs)

On successful completion of this subject the learner will be able to:
  1. Understand; the principal global financial systems and their interrelationship; the development of those financial systems over time and recent crises therein; the global regulation of and current issues affecting financial systems; the regulatory options facing the international financial system as a system, and emerging markets from nations individually.
  2. Critically analyse and evaluate the consequences of activities and current events affecting the international financial system.
  3. Conduct advanced independent research and write a research paper on a contemporary topic regarding the international financial system.

Assessment

Assessment details

TypeTask%Timing*Outcomes assessed
Essay Written exercises 20% Ongoing 1, 2.
Class Participation Class Participation 20% Ongoing 1, 2.
Research Paper Research paper of 6,000 to 7,000 words 60% Week 12 3.
  • * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
  • C = Students must reach a level of competency to successfully complete this assessment.

Assessment criteria

High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking.
Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas.
Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above.
Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment.
Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.

Quality assurance

For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.

Study information

Submission procedures

Students must check the [email protected] subject site for detailed assessment information and submission procedures.

Policy on late submission and extensions

A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the subject coordinator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.

Policy on plagiarism

University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.

Bond University utilises Originality Reporting software to inform academic integrity.

Feedback on assessment

Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.

Disability support

If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.

Additional subject information

Students may be asked to respond to questions from the subject coordinator regarding the content of their assessments. Students are expected to keep evidence of drafting and research. | IMPORTANT: Successful completion of this law elective cannot be credited towards future postgraduate studies.

Subject curriculum

1. Rule of Law 2. Global Regulatory Framework 3. International Financial Crises 4. International Developments of Islamic Banking & Finance 5. International Regulators 6. Current Compliance Issues Affecting Financial Systems 7. Reform of the International Financial System

1, 2, 3.

The role of the rule of law in a modern economy and the historical development of the international financial system

1.

Capital Adequacy and Liquidity Regulations and International Prudential Regulation; Basel III, reforming the Basel II Framework and Implementation

1.

A recent history of international financial markets, 1974 to date, and recent crises in emerging markets and in Europe including the GFC and the Covid-19 financial crisis

1, 2.

Islamic Banking & Finance, an emerging global and alternative financial system and how it fared in financial crises

1, 2.

The Role of the BIS, IMF, World Bank and other international and regional bodies and regulators

1.

International financial crimes, digital assets (such as cryptocurrencies), IT and other technological advances (use of AI, biometrics, e-KYC, etc), money laundering and the financing of terrorism and the Covid-19 pandemic.

2, 3.

Measures available to emerging market nations, Debt relief, Proposals for reform of the international financial architecture

1.
Approved on: Jul 9, 2021. Edition: 1.6
Last updated: Sep 28, 2021.