6 ECTS credits
150 h study time

Offer 1 with catalog number 4021687FER for all students in the 1st semester at a (F) Master - specialised level.

Semester
1st semester
Enrollment based on exam contract
Possible
Grading method
Grading (scale from 0 to 20)
Can retake in second session
Yes
Taught in
English
Partnership Agreement
Under interuniversity agreement for degree program
Faculty
Faculty of Law and Criminology
Department
Faculty of Law and Criminology
Educational team
Kristina Loguinova (course titular)
Activities and contact hours

40 contact hours Lecture
110 contact hours Independent or External Form of Study
Course Content

This course is situated in the broader context of educational innovation at the VUB.

Content-wise, this course concerns the different ways in which law can be conceptualized and the specific role that law plays in the EU financial system - this knowledge is necessary for the Master thesis and engages the student in critical thinking. Also, the course will involve the examination of the concept of money (from different perspectives) and the legal status of this concept in the EU. Moreover, current developments in the financial sector like FinTech and Sustainable Finance shall be introduced and post-crisis financial legislation shall be looked into. 

The examination of this course consists out of two formal elements:

  • Individual assignment (5000 words)
  • Group assignment (2500 words)
  • Participation during the virtual classroom is noted but not formally assessed 
Course material
Handbook (Required) : A Critical Legal Study of the Ideology behind Solvency II, Loguinova, Springer, 9783030263560, 2019
Additional info

Digital course material (obligatory): The course recordings (Panopto), the PPP slides on Canvas and the assigned literature during the virtual classroom session

Handbook (obligatory): ‘Towards a New International Monetary Order’ by K. BYTTEBIER; ‘The Oxford Handbook of Financial Regulation’ by N. MOLONEY, E. FERRAN and J. PAYNE; and the ‘Report of the World Commission on Environment and Development: Our Common Future (Brundtland Rapport)’ by the UNITED NATIONS

Practical course material (obligatory): The discussed legislation during the virtual classroom sessions

Learning Outcomes

General Skills

The knowledge aspect:

  • The ability to conceptualize law in different ways (depending of the jurisprudential school of thought)
  • Understanding of the different concepts of money
  • Understanding the relationship between money and law
  • Understanding the philosophical foundations of our European financial system
  • Understanding the functioning of the European financial system
  • Having an overall understanding of international financial law
  • Understanding FinTech
  • Understanding Sustainable Finance

The intellectual capability aspect:

  • Analyze and consolidate information
  • Creative, innovative and interdisciplinary thinking
  • Critical thinking
  • Intellectual flexibility
  • Application of theory
  • Research ethics
  • Thinking from a humanist perspective, i.e. in line with sustainability and social welfare (thinking about how social value can be created by solving social problems arising in the context of finance). This component of the intellectual capability that will be developed during this course therefore concerns learning how to reflect on current social problems and how they can be solved by means of tools made available by the financial system

The professional aspect:

  • Effectively working on an individual basis (autonomous) and in a group setting
  • Independently acquiring knowledge within a subject of interest (knowledge tailored to the interests of the student)
  • Self-reflection
  • Self-management (responsibility)
  • Formulating and defending a personal stand
  • Conducting a dialogue (effective communication)
  • Following instructions
  • Legal research skills
  • Acquaintance with current ICT-tools

Grading

The final grade is composed based on the following categories:
SELF Teamwork determines 40% of the final mark.
SELF Paper determines 60% of the final mark.

Within the SELF Teamwork category, the following assignments need to be completed:

  • SELF Teamwork with a relative weight of 40 which comprises 40% of the final mark.

Within the SELF Paper category, the following assignments need to be completed:

  • SELF Paper with a relative weight of 60 which comprises 60% of the final mark.

Additional info regarding evaluation
  • The individual assignment is marked out of 12 (0/12)
  • The group assignment is marked out of 8 (0/8)
  • The final mark is the sum total of these two elements (0/20)
Allowed unsatisfactory mark
The supplementary Teaching and Examination Regulations of your faculty stipulate whether an allowed unsatisfactory mark for this programme unit is permitted.

Academic context

This offer is part of the following study plans:
Master of Laws: Dual Master in Comparative Corporate and Financial Law (only offered in Dutch)
Master of Laws: Civil and Procedural Law (only offered in Dutch)
Master of Laws: Criminology (only offered in Dutch)
Master of Laws: Economic Law (only offered in Dutch)
Master of Laws: Tax Law (only offered in Dutch)
Master of Laws: International and European Law (only offered in Dutch)
Master of Laws: Public Law (only offered in Dutch)
Master of Laws: Social Law (only offered in Dutch)
Master of Laws: Criminal Law (only offered in Dutch)