JURD7520 International Financial Law

Lecturer: Heng Wang

What is the course about?
This course discusses how the international financial law works and doesn’t work, and how its governance could be improved at the national and international levels. It examines the IMF, World Bank and other parts of the international financial architecture, analyses the recurrent crises of the past 25 years, and considers the potential regulatory measures at the national and global level to improve the system.

This course is vocationally relevant to those who work, or want to work, for capital markets, law firms, regulatory agencies, banks and finance houses. It is of general educational relevance to anyone who wishes to understand the forces shaping the global economy.

The course will closely analyse the most recent developments of international financial law, including the Eurozone crisis and the future of international financial law. In this way, students should be better prepared for future practice regarding international financial legal issues.

Do you have any advice for students who are interested in the course?
It helps students better understand the rationale of international financial law, including that of possible regulatory measures (e.g. capital controls, exchange rate policies, fiscal crisis-adjustment policies, responses to bail-outs, a sovereign bankruptcy regime, a global financial regulator, a global lender of last resort).

Students are encouraged to participate in the course discussion and are suggested to play a role as a relevant party (e.g. financial institutions, regulators, consumers) in the discussion.