MVV382K Public Financial Law

Právnická fakulta
podzim 2023
Rozsah
0/1/0. 3 kr. Ukončení: k.
Vyučováno prezenčně.
Vyučující
Ege Okakin Erbas, Ph.D. (cvičící), doc. JUDr. Tereza Kyselovská, Ph.D. (zástupce)
doc. JUDr. Tereza Kyselovská, Ph.D. (cvičící)
Garance
doc. JUDr. Tereza Kyselovská, Ph.D.
Právnická fakulta
Kontaktní osoba: Mgr. Věra Redrupová, B.A.
Dodavatelské pracoviště: Právnická fakulta
Rozvrh seminárních/paralelních skupin
MVV382K/01: Po 2. 10. 18:00–19:40 041, Út 3. 10. 18:00–19:40 041, St 4. 10. 18:00–19:40 041, Čt 5. 10. 16:00–17:40 041, 18:00–19:40 041
Omezení zápisu do předmětu
Předmět je určen pouze studentům mateřských oborů.

Předmět si smí zapsat nejvýše 30 stud.
Momentální stav registrace a zápisu: zapsáno: 18/30, pouze zareg.: 0/30
Mateřské obory/plány
předmět má 80 mateřských oborů, zobrazit
Cíle předmětu
While financial law can be seen as a part of business law, setting standards for financial transactions which includes corporate finance and market finance, “public financial law” relates more specifically to the relationship between financial markets and public order. The term public includes all national and international public authorities in the financial field and the relationship between financial markets and public order is established through something called: financial regulation. In line with this point of origin, we will try to interpret state’s role in finance as regulator and overseer from a legal perspective along with the latest economic and financial developments and crises and to ponder on initial steps towards a sound financial regulation framework. First, by clarifying basic concepts related to financial system and financial regulation this course will describe public law instruments used by governments and international organizations (and European Union, to some extent) in fulfilling their functions in the financial field and determine the changes in the concepts, institutions and principles of constitutional law and administrative law. As public law scholarship can simply be put as a work of a balancing exercise between the risks associated with progression and the fundamental rights and freedoms of individuals we will see how the aims of this discipline, i.e. to protect parties participating in transactions, to maintain financial stability and to improve market efficiency, are achieved in practice.
Výstupy z učení
At the end of the course, students should be able to:
- get a glimpse of the complex discipline of public financial and banking law and correlate the economic approach to public law;
- understand and explain the role of international institutions in the surveillance and regulation of financial markets;
- assess the legal components of the global financial system;
- establish major regulatory issues in international financial and banking law in view of new challenges such as climate change & sustainability;
- make distinction between bank and finance and capital market finance;
- work with information on European framework of financial regulation and supervision.
Osnova
  • 1. Overview: Financial System
  • a. Concepts and categories of financial markets and capital markets
  • b. Infrastructures of the financial system and credit rating agencies
  • i. Payment systems
  • ii. Central securities depositories
  • iii. Securities settlement systems
  • iv. Central counterparties
  • v. Trade repositories
  • vi. Credit rating agencies
  • 2. Overview: Financial Regulation
  • a. Why regulate finance? Market failures and externalities
  • b. Main objectives of financial regulation
  • i. Financial stability
  • ii. Market efficiency
  • iii. Transparency
  • iv. Consumer protection
  • c. Issues and new challenges
  • i. Digital finance and cyber security
  • ii. Climate change & sustainability
  • iii. Financial inclusion
  • 3. Regulation of International Finance
  • a. Sources of international financial law: current international financial regulatory system and its origins
  • b. Scope of international banking and financial services regulation: Capital and risk requirements, capital controls, WTO rules, IOSCO Principles
  • c. Legal aspects of international financial institutions such as IMF, World Bank, Financial Stability Board, Basel Committee on Banking Supervision
  • d. Enforcement mechanisms (or lack of) in international financial law and cross border cooperation
  • 4. Financial Regulation and Supervision in EU
  • a. Scope of financial regulation in EU
  • b. European system of financial supervision and the Single Supervisory Mechanism
  • c. Relevant regulatory frameworks: MiFID II, MiFIR, UCITS, AIFMD, EMIR, Benchmarks Regulation, Securitisation Regulation, Sustainable Corporate Governance Initiative etc.
  • d. Financial crimes within the legal framework of Market Abuse and Anti-Money Laundering regimes
  • 5. Examination of Selected Case Law and Summary
Literatura
  • See Teacher's Information for full details.
Výukové metody
Series of lectures by the teacher.

Interactive seminars especially on “Issues and new challenges” topic. Students will be asked to prepare written and oral assignments individually and the written assignments will be assessed as essay.
Metody hodnocení
Students will be asked to present a short-written essay.
Vyučovací jazyk
Angličtina
Informace učitele
Selected Literature

De Haan, J., Oosterloo, S., Schoenmaker, D., (2020): Financial Markets and Institutions: A European Perspective, fourth edition, Cambridge University Press, Cambridge.
Armour, J. Awrey, D., Davies, P., Enriques, L., Gordon, J., Mayer, C. and J. Payne (2016): Principles of Financial Regulation, Oxford University Press, Oxford.
Lastra, R.M. (2015): International Financial and Monetary Law, second edition, Oxford University Press, Oxford.
Blair, W., Brent, R., Grant, T., (2017): Banks and Financial Crime: The International Law of Tainted Money, Oxford University Press, Oxford.

Further reading list and case-law will be provided to students before class starts.
Další komentáře
Studijní materiály
Předmět je vyučován jednorázově.
  • Statistika zápisu (nejnovější)
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