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Unit Code: BNK602

Unit Name: Legal Aspects of Banking

Description: Banks are a fundamental component of the financial system, and are active players in financial markets. The essential role of a bank is to connect those who have capital (such as investors or depositors), with those who seek capital (such as individuals wanting a loan or businesses wanting to grow). Banking Law is regulated by both state and statutory law. Bank accounts may be established by chartered banks. All are regulated by the law under which they were established. This course aims to introduce students to the legal instruments of Banking as well as allows students to examine the relationships and dealings in the day to day business of a banker .It also focuses on Fiji Law. It expands the knowledge the students have already obtained in the lower level Banking or Finance course and prepares the students for legal operations and management of Commercial Banks.

Learning Target Outcomes:

Prerequisite: BNK 501 , BNK 502

Prerequisite Sentence: or consent from HOD.

Credit Point: 15

Offered In: Semester 2