Regulation of the Financial Sector and Money   [Archived Catalog]
2017-2018 School of Law Bulletin

LAWS 819 - Regulation of the Financial Sector and Money

Credits: 3

The American financial sector is among the most sophisticated in the world, but has been undergoing rapid change since the early 1980s.  The course has four goals and is targeted primarily at students interested in the Charlotte practice or JD/MBA students (Charlotte now being the second largest banking center in the United States).  The first is to introduce you to enough regulatory and market history to understand where financial sector law comes from, because many of the older institutions designed for a different world are still out there.  The second goal is to introduce you to the current regulatory structure(s) that in many ways reflect compromises cobbled together following different financial sector crises since the early 1980s, and are still subject to lively debate.  The third goal is to introduce you to the on-going changes in financial sector and the more likely prospective regulatory responses, because it seems highly likely that change shall continue.  The hidden fourth aspect is that much of financial sector regulation is undertaken by independent regulatory agencies (such as the Federal Reserve, FDIC or SEC), rather than directly under statute, so that the changes for the past 25+ years typically are either foreshadowed or reflected more in regulation and administrative actions, rather than in legislation.  So you have to understand how the regulatory agencies work because they create and apply most of the applicable law in the form of regulation.

Corequisites: It is suggested that Business Associations be taken at least as a co-requisite.

Prerequisites: None

Basis of Grade: Drafting legal and regulatory documents for use in the regulation process, in teams.

Form of Grade: Letter Grade