The modules of this Course have universal applicability. A student newly starting a business or continuing a business must have at least a passing understanding of business law and ethics in order to navigate through the real world. Additionally, students preparing for a career in banking, accounting, government, economics, political science, e.t.c can use much of the information they learn in a business law or legal environment Course. Every individual throughout a lifetime can use knowledge of Contracts, Commercial Transactions, Employment and Labour Law, Leasehold Estates, Acquisition, Financing and Control of Real Property, Intellectual Property, Wills, Trusts and Estates, Insurance Law, Environmental Law and the like.
The Regulation of Financial Institutions provides an in-depth analysis of the regulatory framework governing the operations, activities, and conduct of financial institutions. Through a combination of theoretical discussions, case studies, and policy analysis, students will explore the objectives, principles, and mechanisms of financial regulation, with a focus on ensuring financial stability, consumer protection, and market integrity.
The modules of this Course have universal applicability. A student newly starting a business or continuing a business must have at least a passing understanding of business law and ethics in order to navigate through the real world. Additionally, students preparing for a career in banking, accounting, government, economics, political science, e.t.c can use much of the information they learn in a business law or legal environment Course.
Learning Objectives/ Outcomes
After studying these modules, students should be able to develop a foundational understanding of:
• The legal environment of Fintech
• The ethical framework within which the law regulating the Fintech ecosystem
• The relationship and differences between business law and ethics
• Emerging trends in Business Law and Ethics
• Challenges and Opportunities in the International Legal Environment
• Strategies for Ensuring Artificial Intelligence Safety and Mitigating Risks.
This Course critically explores the use of Regulatory Technology (RegTech) in the financial industry ecosystem. Focusing on Artificial Intelligence (AI), Machine Learning (ML), Blockchain, and Big Data in regulatory compliance, the Course examines the theoretical and analytical aspects of developing and deploying AI for regulatory compliance.
The Course also adopts a comparative approach to: critically evaluate the strategic and ethical benefits and challenges of AI in the financial sector; critically analyse the role, values and challenges of RegTech in society; make recommendations on reducing the inhouse and third party risk and vulnerabilities of using RegTech without restricting financial innovation; and to make recommendations on effective regulation of artificial intelligence enabled systems.
The noted legal scholar Roscoe Pound once said that “[t]he social order rests upon the stability and predictability of conduct, of which keeping promises is a large item.” Contract law deals with, among other things, the formation and keeping of promises (in Latin, pacta sunt servanda—“agreements shall be kept”). The law encourages competent parties to form contracts for lawful objectives. No aspect of modern life is entirely free of contractual relationships. Indeed, even the ordinary consumer in his or her daily activities acquires rights and obligations based on contract law. You acquire rights and obligations, for example, when you borrow money to make a purchase or when you buy a stereo or a house. Contract law is designed to provide stability and predictability, as well as certainty, for both buyers and sellers in the marketplace.
Like other types of law, contract law reflects our social values, interests, and expectations at a given point in time. It shows, for example, to what extent our society allows people to make promises or commitments that are legally binding. It shows what excuses our society accepts for breaking such promises. And it shows what promises are considered to be contrary to public policy and therefore legally void. If a promise goes against the interests of society as a whole, it will be invalidated. Also, if it was made by a child or a mentally incompetent person, or on the basis of false information, a question will arise as to whether the promise should be enforced. Resolving such questions is the essence of contract law.
In the legal environment of business, questions and disputes concerning contracts arise daily. The common law governs all contracts except when the common law of contracts has been modified or replaced by statutory law or administrative agency regulations. Contracts relating to services, real estate, employment, insurance, and so on generally are governed by the general common law of contracts. All contracts for the sale of goods, however, are governed by statutory law—particularly by the Federal Competition and Consumer Protection' Act, 2018— to the extent that statutory law has modified or replaced general contract law.
To make sure that students alike can rely on the coverage, accuracy, and applicability of the syllabus content, we emphasize on Comprehensiveness (Virtually, every important topic in negotiations and contracts is covered in this Course); Authoritativeness (students can rely on the accuracy of this Course and can find references to statutory law and case law), Domestic (this Course includes detailed knowledge of the contract law regulating businesses in Nigeria and the ethical framework); International (this Course includes knowledge of the international and comparative aspects of the law); and negotiable instruments (this Course is up-to-date as to the most recent/emerging trends in negotiations and contracts.
The modules of this Course have universal applicability. A student newly starting a business or continuing a business must have at least a passing understanding of negotiations and contracts in order to navigate through the real world. Additionally, students preparing for a career in banking, accounting, government, economics, political science, e.t.c. can use much of the information they learn in a contract law or legal environment Course. Every individual throughout a lifetime can use knowledge of Contracts and Negotiations.