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Financial Law

Program Overview

Recent technological and legal developments have had a massive impact on banking and financial services law and legal practice. To reflect these developments in practice and theory, we are launching a new Professional LLM specialization to provide you with a strong foundation in the legal and policy frameworks of Canadian and international banking and financial services law. The program will cover basic rules of banking law, bankruptcy & insolvency and lending, but will also challenge you to apply your knowledge to complex legal problems facing the industry. The courses will be taught by a diverse range of academics, professionals and industry leaders, all of whom are experts in their areas of teaching and practice. The program is set to launch in Fall 2020.

Who is the Specialization for?

  • Lawyers and legal professionals in the banking and financial services sector, including in-house counsel at financial institutions (i.e. banks, credit unions), government lawyers in the financial services regulatory area, and lawyers in private practice.
  • Senior professionals who do not have a law degree but have more than five years of professional experience in the financial services industry, particularly those in roles related to compliance and legal risk who wish to add a strong advanced foundation in banking and financial services law to their professional profile.

Who is the Specialization for?

Designed to meet the needs of working professionals located across Canada and abroad, all courses in this specialization are available via video conferencing and are structured as either weekly evening sessions or 3-5 day intensives. The Financial Law specialization is a cohort-based specialization where courses progressively build upon one another. New students are only accepted into the specialization once every three years. Students can complete their degree requirements exclusively through coursework or through a combination of coursework and a Research Paper.

Course Information

The new program will include courses covering the following topics:
  • Foundational courses relating to financial services law, banking law, bankruptcy and insolvency
  • Banking Documentation
  • Banking, Negotiable Instruments, Payment Mechanisms and Securities Transfers
  • Regulation of Financial Institutions
  • Enterprise Risk Management
  • International Financial Markets
  • Islamic Finance
  • Consumer Protection/Consumer Issues in Financial Services
  • Anti-Money Laundering and Financial Crimes
  • Reorganizing and Restructuring
  • International Aspects of Bankruptcy and Insolvency
  • American Bankruptcy Law
  • Behavioural Economics
  • Consumer Bankruptcy Issues and Policies
  • Governance Responsibilities in Insolvency
  • Priorities and Priority Claims in Bankruptcy
  • Receiverships and Other Remedies in Secured Transactions
  • Privacy Issues in Financial Regulation
  • Insurance Regulation
  • Compliance in the Financial Services Sector
  • The Financial Services Industry and the Public Interest: Customer Protection, Dispute Resolution, Competition and Social Responsibility
  • Technological Advancements/AI in the Financial Services Sector

Program Requirements Overview

Program Schedule

Courses Course Code Status Number of Credits
Introduction to Financial Law BFSL 6800 Required 3.0 credits
Introductory Course II: Advanced Banking Law BFSL 6914 Required 3.0 credits
Introductory Course III Advanced Bankruptcy & Insolvency Law BFSL 6901 Required 3.0 credits
American Bankruptcy Law BFSL 6707 Elective 3.0 credits
Anti-Money Laundering and Financial Crimes BFSL 6803 Elective 3.0 credits
Banking Documentation BFSL 6921 Elective 3.0 credits
Banking, Negotiable Instruments, Payment Mechanisms and Securities Transfers BFSL 6903 Elective 6.0 credits
Behavioral Economics BFSL 6770 Elective 3.0 credits
Compliance in the Financial Services Sector BFSL 6809 Elective 6.0 credits
Consumer Bankruptcy Issues and Policies BFSL 6774 Elective 3.0 credits
Enterprise Risk Management BFSL 6915 Elective 3.0 credits
Governance Responsibilities in Insolvency BFSL 6775 Elective 3.0 credits
Independent Research Paper: Banking and Financial Services BFSL 6311 Elective 3.0 credits
Insurance Regulation BFSL 6808 Elective 3.0 credits
International Aspects of Bankruptcy and Insolvency BFSL 6778 Elective 3.0 credits
International Finance BFSL 6990 Elective 3.0 credits
Islamic Finance BFSL 6568 Elective 3.0 credits
Major Research Paper: Banking and Financial Services BFSL 6312 Elective 6.0 credits
Priorities and Priority Claims in Bankruptcy BFSL 6773 Elective 3.0 credits
Privacy Issues in Financial Services BFSL 6804 Elective 3 credits
Receiverships and Other Remedies in Secured Transactions BFSL 6772 Elective 3.0 credits
Regulation of Financial Institutions BFSL 6900 Elective 6.0 credits
Regulation of International Financial Markets LAW 6980P Elective 3.0 credits
Reorganizations and Restructurings BFSL 6776 Elective 3.0 credits
Selected Topics in Banking Law BFSL 6701 Elective 3.0 credits
Technological Innovations and Competition in the Financial Service Ind. BFSL 6911 Elective 3.0 credits
The Financial Services Industry and the Public Interest: Customer Protection, Dispute Resolution, Competition and Social Responsibility BFSL 6923 Elective 3.0 credits

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