LLM in Financial Law

Financial law is legislation applied on a national or international level to regulate and stabilise the economy and to prevent or minimise large-scale financial problems. LLMs in Financial Law consider different aspects of relevant legislation, especially compliance (with policies and regulations) and diligence (monitoring of procedures). The ability to make balanced political, economic and monetary risk assessments, to see the broad picture as well as homing in on small details and to untangle very complicated legal requirements lies at the heart of these subjects. Students who are interested in how the financial world operates and who are willing to probe into the frameworks that surround it will find a master’s financial law fascinating. LLMs in Financial Law also cover fraud, corruption and financial irregularities. Students who want to take this subject need to become familiar with the language of international finance – securities, loans, bonds, derivatives and how they work.

Financial Law Courses

Most LLM programmes in Financial Law in the UK tend to be ‘taught’ rather than research orientated, so they involve attending lectures classes and tutorials. A few institutions, such as the London School of Economics (LSE), also run research LLMs. As with almost every LLM course, a final dissertation is required, typically 12,000–15,000 words. The largest number of courses is run by constituent colleges of the University of London: LSE, King’s College London, the School of African and Oriental Studies, Queen Mary University of London, University College London and the University’s External LLM Programme. Oxford Brookes is amongst the other universities that also offer specialisation in these subjects. Many UK LLM programmes in Financial Law are based in London this is probably because it is a world centre for financial markets. However students shouldn’t disregard programmes located at institutions elsewhere in the UK as most of these are also well established,
with a strong reputation and teaching staff who are experts in their field.

Students should also consider studying at institutions outside of the UK - for example
Fordham University School of Law in New York runs an LLM in Banking, Corporate and Finance Law.

Find the perfect LLM

Search for the perfect LLM for you using the international course search. You can search the comprehensive database of LLM programmes by country, subject area and study mode.

You can also find out more about the featured schools using the A–Z law school listing.

Entry to Financial Law Courses

It is usual to have a first degree in law, but, depending on the course title and content, students with a bachelor’s qualification in economics, finance or a business subject may be accepted.

English Language Requirements

IELTS (or equivalent) scores of 6.5–7.0 are usually needed. Because of ongoing changes in the law we advise international students to regularly check the UKBA website to make sure they can fulfil the necessary requirements. Most individual institutions also have useful information on the Tier 4 requirements for international students, and can offer assistance in terms of student queries about their specific English language requirements.

Click here to find out more about English Language requirements for International Students.

Recommended reading

Modern Banking Law, E Ellinger (ed)

Introduction to Global Financial Markets, S Valdez

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