LLM Programme

The taught modules offered on the LLM programme vary from year to year. Please check the full list of taught modules list for details of modules running in specific academic years. We make every effort to ensure that every module will be offered, but modules are subject to change and cancellation. You are therefore advised to check this site regularly for further updates throughout the year preceding entry to the LLM programme.

Credit value: 30 credits (12 ECTS)
Module Convenor:
Dr Iris Chiu
Other Teachers:
Mr Graham Roberts
Ms Anat Keller


The module will examine the principles that underpin banking regulation and several aspects of banking business in relation to the retail customer. It will look at international and EU bank regulation, at the structures of regulation in different jurisdictions and, in particular, at bank regulation in the UK. The module will also deal with the relationship between banks and customers in English Law, examining the rights and obligations of the parties before moving on to principles of the law of payment.


  1. Definition of "bank" and evolution of regulation
  2. International banking regulation
  3. EU banking regulation
  4. Structure of bank regulators
  5. Systemically Significant Financial Institutions
  6. Recovery and resolution in banking crises
  7. The banker-customer relationship
  8. Money and payments

Background Reading (optional):

Ellinger, Lomnicka, Hooley, Ellinger’s Modern Banking Law, Oxford: OUP, 2005

Module reading lists and other module materials will be provided via online module pages, once students have made their module selections upon enrolment in September.

Delivery and enrolment
Lectures/Seminars: 20 x 2-hour seminars
Tutorials: Yes
Previous module enrolments: Medium – 16-50 students
Who may enrol: LLM students
Prerequisities: None
Barred module combinations: None
Core Module for LLM specialism: International Banking and Finance, International Commercial Law
Final Assessment: 3-hour unseen written examination
Practice Assessment: Opportunity for feedback on one optional practice essay per term

This page was last updated on 8 July, 2014


The application process for the 2014-15 academic session, for entry in September 2014, is now closed.

Information regarding applications for September 2015 will be updated on the website in September 2014.

IMPORTANT NOTICE : Updated 28 May 2014

The Home Office issued an update about the acceptance of ETS tests (including TOEFL). They have now confirmed that Higher Education students applying for a Tier 4 visa may use a TOEFL test taken after 17 April, if a Higher Education Institution is willing to use its academic discretion. For those students entering in September 2014, UCL will continue to accept the TOEFL even if it was taken after 17 April. However, if an applicant still needs to book a test then we recommend that they take an alternative test to TOEFL. Those who have already arranged to take a different test following the previous advice from the Home Office, we encourage you to go ahead with taking the alternative test.

The TOEFL test will continue to be accepted for 2014 entrants who have been asked to take an English language qualification as part of their offer condition, and do not need to apply for a visa to study in the UK.