Description

Duration: 39 hours    Credits: 3

This course is a foundation on the business law principles underlying banking law as well as a description of the context for and process of creating banking law and regulations. Knowing the basics of business law enables every banker to more easily understand laws pertaining to bank products, services and transactions.

After successfully completing this course, you will be able to:

• Explain the legal and regulatory system governing banking operations as well as the institutional procedures applicable in the EU
• Understand the basic principles and main areas of contract law
• Understand and explain the various relationships involved in the banker-customer contract
• Understand and explain the basic principles and procedures relating to collateral
• Explain the legal framework relating to cheques, as well as the European Capital Requirements Directive
• Understand the legal framework governing the Automated Teller Machines (ATMs) and the credit card system
• Explain the legal and institutional system relating to money laundering and terrorist financing