The study of Law has undergone a sea change owing to the global economy, changes in the social structure and polity. Whether it is corporate law, intellectual property laws, environmental law or any other area of specialization, some of the reputed law have introduced these courses at the LL.M. level. The newest area of specialization in Financial Regulations has been introduced by the NMIMS Kirit P. Mehta School of Law. Post the recession and the resultant vibrant world economy, there is a constant need to scrutinize financial transactions that takes place between companies, people and countries. Mergers and acquisition, securities market, bond markets, commodities exchange have all been instrumental in bringing in the change.
Lawyers with expertise in financial regulations and banking can identify and capitalize on opportunities and respond quickly to the regulatory changes in the financial world. There are a number of underlying issues and complexities that are involved along the way and lawyers who specialize in this area can address these issues with expertise.
Why Financial Regulations as a part of the LL.M. course?
The study of financial regulations at the post graduate level of the LL.M. course paves way for lawyers, professionals and corporates to take up assignments in this area. Financial regulations is the upcoming and important area of study, mainly owing to the increased number of disclosures that companies have to make and financial scrutiny that they attract. Having said this, there are very few professional lawyers who specialize in this area of specialization. Upon completion, lawyers may opt to take up corporate jobs in financial institutions such as insurance companies, banks and NBFCs, venture capitalist firms, law firms, security markets etc.
Prospects and Scope
• Regulations for the Securities and bond market
• Regulations for the banking and non-banking financial firms
• Administrative law
• Anti-bribery and corruption law
• Fin-tech and payment system
• Foreign capital flow-FEMA, FERA Act
• Insolvency and bankruptcy of non-financial firms
• Global financial regulations
• Working of central banks, monetary policy and fiscal policy
• Research methodologies, etc.
The course material is designed keeping in mind the requirement of young lawyers, researchers and corporates who have to deal with regulatory compliances for the financial transactions that take place in the organization. Every organization has to deal with disclosure obligations and scrutiny by investors and regulators thereby inviting higher levels of compliances of statutory regulations. This makes issues relating to corporate governance all the more stringent and crucial.
An Important Arm of Corporate Law
While we all hear and know that corporate law is one of the most coveted areas of specialization and practice, specialization in Financial Regulation will cover all area of banking, insurance and pension industry, securities market etc. This is of specific interest to large corporates who are involved in complex financial transactions, which attract financial regulations. While there has not been a systematic study covering academic and practical aspects of financial regulations, this course aims to bring in just that – a systematic approach by bringing in a wide range of subjects and areas covering financial regulations.