Regulation of Financial Institutions (3 Credits) LAW 0781

Course that begins with an overview of the business of banking and the role of financial intermediaries. The course will move from there to a treatment of historical, political, and economic perspectives on banking and financial intermediaries. The course will then discuss entry into the business of banking; the Dual Banking System; corporate governance of banks, activities restrictions and limitations on investments; the regulation of deposit taking; safety and soundness regulation and prudential restriction on bank activities; consumer protection and lender liability; mutual funds; consumer protection and capital requirements; insurance and securities powers of banks and nonbanks; affiliations between banks and other companies; examination and enforcement issues; bank failure; and international banking. Prerequisite(s): Business Entities