Law 874 Banking Law
Credits: 2 - 3
This course surveys the operation, regulation and interaction of the four major types of financial institutions in the United States: banks, securities brokers, mutual funds, and insurance companies. We survey, for each type of firm: development of the industry and regulation, current regulatory standards, interaction with other firms and competition for products, and look finally at likely future development. Primary emphasis is given to banks, with the other types of firms studied to compare and contrast. We study also general issues involving statutory drafting and interpretation, and the political realities of regulated industries. No prior background in banking or finance is necessary.