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Banking and Finance Law

Master of Laws ( 1 year Full-time / 2 years Part-time )

Overview

The LLM in Banking and Finance Law provides a thorough grounding in the fundamental principles of international finance and financial services law, covering local and international developments from practical, regulatory and policy perspectives. A wide range of regulatory and transactional areas are covered including, monetary law, banking law, financial regulation, central banking, securities law, secured transactions, corporate finance and M&As, insolvency cross-border insolvency, electronic banking, financing of developing economies, EU financial law and business ethics. You can choose from a wide selection of modules to design a programme of study that best facilitates your interests.

Our academics are engaged in current banking and finance policy making and legal regulatory reforms. In light of the recent economic global crisis and the ensuing new regulations, modules have been developed to reflect these changes, for example ‘Islamic Finance and Commercial Law’ and ‘Ethics in Business and in Finance’. This has led to the creation of a seminar series, featuring prominent figures from both industry and academia.


Networking opportunities


On many of our modules, you will have the opportunity to hear from and discuss with prominent figures from leading institutions, including the Bank of England, the World Bank, the Federal Reserve Bank of New York, the European Central Bank, the Bank for International Settlements, the International Monetary Fund, as well as partners in law firms from across the world.

Your fellow students will come from the UK and more than 80 other countries, each able to draw on prior academic and in many cases professional experiences from different jurisdictions to enrich discussion and debate in class.


Why study your LLM in Banking and Finance Law at Queen Mary?


The School of Law has consistently been ranked in the top 10 law schools in the UK for the quality of our research and teaching, and many of our internationally recognised staff act as advisers to governments, industry and NGOs, both nationally and internationally.

The Postgraduate Law Centre is based in Lincoln’s Inn Fields, Holborn, the legal district of London, close to law firms, chambers and the Royal Courts of Justice.

  • There is a very high rate of employment of our students within six months of graduation.
  • You will benefit from the expertise of the law careers advisers who organise events and internship opportunities with top UK and international law firms.
  • Many of our internationally recognised staff act as advisers to governments, industry, regulatory authorities and NGOs, both nationally and internationally.
  • You will be able to attend the Critical Thinking and Writing in Law programme to improve your writing and research in law skills.
  • You will be able to take part in networking and social events run by the Queen Mary Postgraduate Law Society and upon graduating join our extensive alumni network.
  • Professional module exemptions are available for the Chartered Banker Diploma from the Chartered Banker Institute.

Read more about the School of Law.


Facilities


You will have access to facilities and equipment at the Postgraduate School of Law Centre in Lincoln's Inn Fields, which comprises workstations, wireless internet access, projectors and a common room. You will also have access to the Lock-keeper's Cottage Graduate Centre at the Mile End campus.

As well as housing the Law Library and a European Documentation Centre, the Queen Mary Library at Mile End provides access to all the main British, European and international textbooks, law reports and periodicals and also offers one of the best commercial law collections in the country. Through the University of London College network, students have access to an unrivalled range of electronic law journals and databases.

In addition, Queen Mary provides free access to extensive online databases and collections including: Lexis, Nexis, Westlaw, Justis, Eur-lex, Hein-Online, Business Source Complete, Index to Legal Periodicals, International Court of Justice Reports, Kluwer Arbitration, Oxford Scholarship Online (Law), Reports of Patent, Design and Trademark Cases, UK Statute law database and United Nations Treaty Collection.

 

In addition to the Queen Mary Library and the British Library, postgraduate students are able to access the well-stocked law library at the University of London’s Institute of Advanced Legal Studies (IALS). The Institute, located at Russell Square, a few minutes’ walk from Lincoln’s Inn Fields, is one of the major law libraries worldwide. You will also have access to the University of London Library at Senate House.

Structure

The LLM is available to study full-time for one year or part-time for two years.

Each of the LLM programmes follows a common format: you will take 135 credits worth of taught modules (examined in May-June) and thereafter you work on a 15,000-word dissertation worth 45 credits (submitted mid August).

What differs from programme to programme is the range of modules that you are required to choose from. If you wish to take an unrestricted range of modules and any approved dissertation topic you should apply for the Master of Laws.

Professional Module Exemptions

The Chartered Banker Institute (CBI) has recognised masters programmes offered by the School of Economics and Finance for advanced standing for the Chartered Banker Diploma. Graduates can proceed directly to the Chartered Banker Diploma with no requirement for prior underpinning study, recognising the high level of commonality of elements within LLM Law and Economics programme content against the CBI’s Diploma modules.

 

Students on the LLM Banking and Finance programme who take both the QLLM136 Ethics in Business and in Finance and QLLM007 Banking Law modules will be eligible for exemption from the Chartered Banker Diploma compulsory module: Professionalism Regulation and Ethics.

Induction and choosing your modules


We run a two-week induction period that includes an overview of the programme and module selection, dissertation and research skills. In the second week you will have the chance to try out the different modules within your programme before you make your final choice. Full details of the induction programme will be made available online by September each year.

LLM Year Planner


The LLM Year Planner gives you an idea of the structure of the programme and key periods for assessment and exams.

Full-time


Undertaking a masters programme is a serious commitment, with weekly contact hours being in addition to numerous hours of independent learning and research needed to progress at the required level. When coursework or examination deadlines are approaching independent learning hours may need to increase significantly. Please contact the course convenor for precise information on the number of contact hours per week for this programme.


Part-time


The part-time LLM is essentially aimed at legal practitioners working full-time in the UK. You will attend the same modules and follow the same teaching timetable as full-time students.

The part-time programme is, however, spread over two academic years.

In year one, you will normally complete 90 credits of taught modules. In year two, you will normally take a further 45 credits of taught modules and submit the compulsory 15,000-word dissertation (45 credits). This can of course be changed if necessary, as the dissertation can actually be done in either year. However we would always advise part-time students to take 90 credits of taught modules in their first year if they are timetabled in a convenient slot.

Although not recommended, it is possible for part-time students, who are having difficulties in finding taught modules that fit in with their work timetable, to submit two dissertations – one per year. This would then enable you to take one taught module per year.


For more information:

Visit the School of Law website.

Frequently asked questions (FAQ)

If you can't find the information you are looking for on these pages, take a look at our LLM Frequently Asked Questions.

Modules:

To specialise in this area, you must select 90 credits of modules from this list and do your compulsory dissertation in the field of Banking and Finance Law (45 credits). The additional 45 credits of taught modules can be in this area or can be unrelated and therefore selected from the full list of LLM available modules.

All modules are 45 credits unless otherwise stated below.

Note: Not all of the modules listed will be available in any one year. Any modules not available in the forthcoming academic session will be identified as soon as this information is confirmed by teaching academics.

 

Entry requirements

Law graduates

 

The usual qualification for entry to the LLM programme is a degree in law, or a degree with a substantial law content, of at least 2.1 honours (or equivalent). Law graduates with 2.2 honours who also have other legal qualifications and/or substantial professional legal experience may also qualify.

Non-law graduates

Non-law graduates with a minimum second class honours degree, that have also obtained a Merit (or 60 per cent) in the Common Professional Examination (CPE) or Graduate Diploma in Law (GDL) recognised by the UK professional bodies, may also qualify. Non-law graduates may also be considered on the basis of exceptional professional experience (of at least five years) in a legal area or an area directly related to their programme of study.

In all cases, a full online application is required in order for a fair assessment and decision to be made. Each application is considered on its merits and on sight of full application documents. A full and detailed CV is required for all applications and is particularly relevant where professional experience needs to be considered.

International applicants

Students from outside of the UK help form a global community here at Queen Mary. For detailed country specific entry requirements please visit the International section of our website. If your first language is not English, you must provide evidence of your English language proficiency. Find details on our English language entry requirements webpage.

If you do not meet language or scholarly requirements it might be possible for you to undertake foundation or pre-sessional programmes that will prepare you for the masters programme. For more information, please contact the Admissions Office.

If you are unable to find the information you require, please contact the Admissions Office for assistance.

How to apply - one LLM programme only

You may only apply for one of the School of Law’s LLM London programmes at a time. This restriction does not include the LLM Law and Economics programme or the LLM in Paris programme,  which you may still apply for. You are permitted to apply for a maximum of two Queen Mary taught postgraduate programmes, so you may still apply for a further non-LLM London programme should you wish.

If you apply for one of the LLM London programmes, then later decide you would prefer to attend a different LLM specialism, please contact the Admissions Office Law Team at admissionsteamc@qmul.ac.uk - prior to enrolment - to request a manual change of LLM programme. Do not submit a new application.

Application Deadline

The deadline for applying for the London LLM Programme is 31 July 2015. We may close earlier if places are filled, so we recommend that you apply early.

Learning and teaching

As a student at Queen Mary, you will play an active part in your acquisition of skills and knowledge. Teaching is by a mixture of formal lectures and small group seminars. The seminars are designed to generate informed discussion around set topics, and may involve student presentations and group exercises as well as open discussion. We take pride in the close and friendly working relationship we have with our students. You will have a team of advisers to support you, including the LLM and Research Directors, your dissertation supervisor and tutors and your module convenors.


Where will my lectures and seminars be held?


Teaching is based at the School of Law's postgraduate centre in Lincoln's Inn Fields (nearest Underground station: Holborn). Depending on the courses you take, you may also have classes at the Mile End Campus (nearest Underground stations: Mile End and Stepney Green) or the University of London's Institute of Advanced Legal Studies (nearest Underground stations: Russell Square, Euston and Euston Square) or Charterhouse Square (nearest underground station: Barbican).

The sample LLM teaching timetable will give you some idea of the different locations used for teaching. This is a sample only and venues and times/days can change from year to year. The LLM teaching timetable is given to students during the induction period (after enrolment).


Independent Study:


For every hour spent in classes you will be expected to complete further hours of independent study. Your individual study time could be spent preparing for, or following up on formal study sessions; reading; producing written work; completing projects; and revising for examinations.

The direction of your individual study will be guided by the formal study sessions you attend, along with your reading lists and assignments. However, we expect you to demonstrate an active role in your own learning by reading widely and expanding your own knowledge, understanding and critical ability.

Independent study will foster in you the ability to identify your own learning needs and determine which areas you need to focus on to become proficient in your subject area. This is an important transferable skill and will help to prepare you for the transition to working life.


Assessment


You will be assessed by a mixture of formal examinations and coursework in the three taught modules, followed by more self-directed work on your 15,000-word dissertation.


Dissertation


You will also complete a dissertation of 15,000-words.


Teachers contributing to this programme include:

 

 

Fees

Tuition fees for Home and EU students

2014 entry
Full time £12,600

Tuition fees for International students

2014 entry
Full time £18,000

Funding

There are a number of sources of funding available for Masters students.

These include a significant package of competitive Queen Mary bursaries and scholarships in a range of subject areas, as well as external sources of funding.

School of Law scholarships

The School of Law offers a range of scholarships for Law Masters programmes each year. Full details are made available on the law funding page from October – November each year.

Queen Mary bursaries and scholarships

We offer a range of bursaries and scholarships for Masters students including competitive scholarships, bursaries and awards, some of which are for applicants studying specific subjects.

Read more about funding a masters

Alternative sources of funding

Home/EU students can apply for a range of other funding, such as Professional and Career Development Loans, and Employer Sponsorship, depending on their circumstances and the specific programme of study.

Overseas students may be eligible to apply for a range of external scholarships and we also provide information about relevant funding providers in your home country.

Detailed information about postgraduate funding options is available in our Postgraduate Funding Guide (pdf).

Read more about funding a masters.

Tel: +44 (0)20 7882 5079
email bursaries@qmul.ac.uk

Other financial help on offer at Queen Mary

We offer one to one specialist support on all financial and welfare issues through our Advice and Counselling Service, which you can access as soon as you have applied for a place at Queen Mary.

Our Advice and Counselling Service also has lots of Student Advice Guides on all aspects of finance including:

Tel: +44 (0)20 7882 8717

Graduate Employment

Profiles

Maria Sofia Greco, Argentina

Maria Sofia Greco

Chevening Scholar, LLM in Banking and Finance, 2013-2014

I did my Law degree at the Universidad Católica Argentina and did my Master's degree in Public Administration at Maxwell School, Syracuse University (New York, USA).

As a qualified lawyer, I practiced administrative and regulatory law at the Ministry of Economy of my country and practiced law of international finance as a Legal Consultant to the Inter-American Development Bank in Washington, DC. In both of them, I was involved in the preparation, execution and evaluation of development projects in Latin American countries.

Pursuing an LLM in Banking and Finance is an excellent opportunity for my career progress in the field of development finance. Queen Mary provides a wide spectrum of modules that fit with my interests in areas like International Finance, Economic Law, Investment Arbitration and Sovereign Finance/Insolvency. The professors are well known practitioners and researchers who can provide excellent academic and professional advice when requested.

The uniqueness of this opportunity makes me feel very grateful to the Foreign and Commonwealth Office of the UK that awarded me the Chevening Scholarship. I will definitively benefit from the possibility of studying Banking and Finance in a city like London and in a University the excels in that field.


Pelin Okcay, Turkey

Pelin Okcay

LLM in Banking and Finance Law, Chevening Scholar 2013/14

I graduated from Yeditepe University, Istanbul and worked as Deputy Legal Counsel at a stock listed, foreign invested joint venture company which is one of the leading players in Turkish Energy Market where I was responsible for drafting and negotiating various types of business contracts in almost every field as diverse as marketing, project finance, international trade and construction as well as providing legal support in labour law, energy law and any matters concerning corporate governance and capital markets law.

Practicing law in such a large-scale enterprise where each and every project is subject to a process of project finance in large amount helped me to realize that managing the legal works in such entity requires not only the knowledge of basic legal principles but also the fundamental principles of finance law. My thorough research showed me that LLM in Banking and Finance Law at Queen Mary University of London would highly meet my expectations because of its strong cooperation with leading institutions and law, its highly qualified faculty members, strong place among global elite and emphasis on teaching.

Queen Mary University offered me invaluable opportunities to specialize, to develop advantageous business networks and broaden my perspective, knowledge and way of thinking. Last but not the least, the academic and administrative teams of Queen Mary were supportive in terms of my studies and career opportunities.

Thanks to Queen Mary, now I feel confident that I possess the required potential, motivation and energy for better accomplishments to reach my future goals.


Diana Kull, Estonia

Diana Kull

LLM in Banking and Finance 2010-2011

I graduated from Tartu University in Estonia and Humboldt University of Berlin in Germany. I did my postgraduate judicial service in Berlin, and I am a German qualified lawyer.

After having gained my first practical experience in taxation and finance in Berlin, London and Brussels, the LLM within the Centre for Commercial Law Studies (CCLS) at Queen Mary was an evident choice for me. I was attracted by the outstanding reputation of the Law School and the CCLS in the area of banking and financial law, the variety of specialised courses, and the highly professional academic staff.

Within the wide spectrum of teaching modules, I could particularly benefit from the latest developments in financial law at the European level along with gaining a profound knowledge in the legal aspects of international finance. Hereby, the contribution of partners from the leading law firms was a useful supplement to the lectures from the practical point of view. The administrative staff of Queen Mary were kindly supportive to me during the whole academic year.

I am grateful to the Centre for Commercial Law Studies of Queen Mary for awarding me a scholarship for the completion of my LLM degree. The knowledge and skills acquired in this specialised programme will definitely enhance my career perspectives.


Michael Burket, Germany

Michael Burket

LLM in Banking and Finance Law 2009-2010

“I studied law and Business Administration at the universities of Bayreuth, Tomsk (Siberia) and Leipzig and did my legal clerkship in Frankfurt am Main.

I obtained professional experience as an intern or trainee with leading American, English and German law firms in Moscow, Frankfurt, London and Brussels. Whilst working as an intern in London, one of the Partners who specialised in Banking and Finance suggested Queen Mary.

The LLM programme so far could not be better. The lectures are first class and supplemented by leading expert practitioners from city-law firms and international institutions such as the EBRD and the ECB. Queen Mary staff, both academic and non-academic, are most cooperative and friendly.

When it comes to my goals afterwards, it is clear that my LLM will open up additional career opportunities for me. I hope to spend my first years after qualifying in London gaining as much experience in debt capital markets as possible. I am convinced that my LLM degree in Banking and Finance will be an important element in succeeding in such an environment.”


Natthaphong Sirijirasuk, Thailand

Sirijirasuk

LLM Banking and Finance 2006-2007

"Before studying LLM at Queen Mary, University of London I was an in-house lawyer practicing corporate and financial law area in a public company in Thailand. I have decided to expand my knowledge in banking and finance law. After researching a lot of information about LLM in banking and finance from several universities, I found that QMUL is an outstanding university that provides a wide range of courses in this field. Including the world class reputation, I had no hesitation to go for the LLM at QMUL.

While I studied the LLM, I did enjoy the Legal Aspects of International Finance. This subject is very useful and practical to your career as a lawyer in financial law area. Lecturers come from various top leading legal firms in London, including remarkable professors in this field. Content and method of teaching are excellent. We have tutorial and revision classes for catching up the points that you don't understand.

I can definitely say that studying LLM at QMUL was the most memorable and fantastic time of my life!

Since returning to Thailand, I have been working in the Financial Service Practice Group as a lawyer with Baker and McKenzie."


Vladimir Jelacic, Serbia

Jelacic

School of Law Alumni

LLM in Banking and Finance Law

"It was not long after I first applied for the LLM in Banking and Finance Law at the QMUL that I realized I made the right choice. All the replies I got from the staff and all the answers to my anxious inquiries were timely and, what at first struck me as odd, friendly and almost informal, but still professional and appropriate. Right after I came to London and first got introduced to the program and the people behind it, my expectations were confirmed – I found a top-quality LLM program without a stiff upper lip, a place where you work hard, but also play hard, a perfect combination. Throughout the year, beginning with the amazing Cumberland Lodge induction seminar, I kept noticing that the importance has been placed on both curricular and extra-curricular needs of the students. The time spent on lectures as well as the studying time needed to keep up with the course was well balanced, which in my opinion, kept the course intense, but pressure-free. For me this was very important, because the course recognized the significance of leisure and extra-curricular activities while studying in London.

Direct contact with the professors, frequent tutorials, feed-back sessions with the students, individual research support, the best tailored distance learning facility, ample free literature, but also out-of-London inductions, parties, career services, well located lecture venue and friendly staff that gives a completely new meaning to the word administration. When you put that all together, you get a postgraduate law course that managed to escape the stiffness and inflexibility of the corporate approach to education, but maintained the capability to prepare you more than adequately for the encounter with the corporate world awaiting."


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