This unit provides a general introduction to banking and finance law in the Australian legal system. It focuses on the position and role of banks and other financial institutions in Australian society.<br/><br/>As a result of the Wallis Report, it is now accepted that banks should no longer be seen as public agencies or semi-government bodies, nor as charitable institutions. Banks are, in fact, major financial corporations with enormous wealth and considerable influence. Given their pivotal role in the Australian economy, they are subjected to prudential supervision by the Reserve Bank but there is no system of depositors' insurance. Banks are also subject to regulation by the Australian... -- Course Website
Instructor: Professor Jim O'Donovan
