New Master of Banking and Financial Regulation program
The new Master of Banking and Financial Regulation being offered in 2007 will provide the opportunity for non-law graduates from any discipline to examine the areas of banking, insurance and finance law and regulation. No prior legal training is required.
Taught by the Department of Business Law at Macquarie University, the program will be of interest to professionals in the finance sector including retail and investment banking, insurance, funds management, and the securities industry.
"The Master of Banking and Financial Regulation will appeal to graduates in non-law disciplines, most obviously those from business disciplines," says Program Director Professor Peter Gillies. "Its assessment task flexibility will, however, permit interested law graduates to enrol."
The program
Students in the Master of Banking and Financial Regulation will learn about the law of financial advice, the law of banking and insurance, the regulation of capital markets, corporate structures, governance and market regulation, as well as banking and finance law. The international as well as the domestic dimensions of these topics will also be examined, where appropriate.
Units in the program include:
- Law of financial advice
- Banking and finance law
- Insurance law
- International banking and finance law
- Corporate and market law and regulation
- Research paper on banking and finance law and regulation.
"The program is underpinned by the premise that law is a core business discipline, and that knowledge of relevant areas of law and regulation is highly desirable for people in management and regulatory positions," says Gillies. "Law and finance are the two core business disciplines for management and related roles."
The Master of Banking and Financial Regulation will consist of eight class-based units, or a mix of class-based and research paper units. The class-based units will be delivered in both intensive and weekly mode, with students able to choose either option. The research paper units will be done independently of classes, with students working with a qualified supervisor.
The program will be taught by full-time and adjunct staff and will be offered on campus and externally.
Aims of the program
The Master of Banking and Financial Regulation aims specifically to enhance the legal knowledge and skills of people working as and for financial intermediaries such as the financial markets and the banking, insurance and superannuation sectors, as well as for the regulators in these areas.
"The program is unique in Australia, in that it has been designed for professionals from any discipline," Gillies says. "Masters programs dealing with commercial law, designed for non-lawyers, have proven to be popular in Australia. The first such degree was introduced at Macquarie University in the mid 90s. Ours, however is the first to focus on banking and finance law."
For further information contact Professor Peter Gillies peter.gillies@mq.edu.au