LAWS 2137 ‑ Regulations of Financial Institutions

CREDIT HOURS: 3

The seminar will introduce students to the legal and regulatory framework that governs Canadian financial institutions and will examine whether the current framework is appropriate in order to sustain the integrity and stability of our financial institutions and financial system. Specific topics that will be covered include: an overview of the Canadian financial system; goals of and philosophical approaches to regulation; examination of different types of financial institutions; the “four pillars” theory; constitutional division of powers and other jurisdictional issues; ownership restrictions; protection of depositors and financial consumers; the payments system; prudential standards; corporate governance issues; financial crises; and impact of globalization on financial institution regulation.

Prerequisite(s): None.
Co-requisite(s): Business Associations (LAWS 2002).
Assessment Method: Major paper 70%, class participation 15%, and class presentations 15%.
Restrictions: None.