Professor Niamh Moloney, NAB 7.16

For LLM and MSc Regulation and MSc Regulation (Research) students and for other Master's level students with permission.

This course, together with its related full unit course LL425, is subject to an overall cap of 30 students. Students must apply through Graduate Course Choice on LSEforYou.

The course examines the institutional structures and the legal rules which underpin the EU's monetary system and its integrated banking market. Topics covered include: the integration project; the free movement of capital and current payments; central banking and monetary policy in the European Monetary Union (EMU), including the institutional structure of EMU, the European Central Bank, and the conduct of a single monetary policy; banks and the free movement rules; the harmonized regulatory regime which applies to banks; the institutional structure for banking supervision; and retail banking services and consumer protection. Course coverage may vary slightly from year to year.

10 two-hour seminars in MT.

Students are asked to submit one 2,000 word essay.

Readings will be provided in advance for each seminar. Sample texts include: Alexander et al, Global Governance of Financial Systems (2006); Kermers et al (eds), Financial Supervision in Europe (2003); Lastra, The Governance Structure for Financial Regulation and Supervision in Europe (2003), Usher, The Law of Money and Financial Services in the European Community, 2nd edition (2000); Andenas et al, European Economic and Monetary Union: the Institutional Framework (1997).

Chalmers et al, European Union Law (2006), chapter 12 and Scott, International Finance, 13th edition (2006), chapter 5.

One two-hour unseen examination in ST.