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Regular version of the site

3 Bolshoi Tryokhsvyatitelsky Pereulok, room 411
109028, Moscow

Phone: +7(495) 772-95-90,
ext. 22755

School Head Natalia Yerpyleva
Deputy School Head Aleksandra Kasatkina

3 Bolshoi Tryokhsvyatitelsky Pereulok, room 411
Phone: +7(495) 772-95-90, ext. 22746

Anna Antonyan
Manager Anna Antonyan


The Impact of Foreign Economic Sanctions on Commercial Contracts

Fonotova O., Ukolova M.

Вестник Санкт-Петербургского университета. Серия 14. Право. 2022. Vol. 13. No. 4. P. 963-974.

Book chapter
Digital financial assets and digital currency: legal nature and legal regulation of turnover

Bashilov B. I., Galkina M. V., Berman A.

In bk.: III International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2021). Vol. 106. SHS Web of Conferences, 2021. Ch. 02005. P. 1-6.

Working paper

Fogelson Y. B., Poldnikov D.

Law. LAW. Высшая школа экономики, 2021. No. WP BRP 98/LAW/2021.

Comparative Banking Law

Academic Year
Instruction in English
ECTS credits

Автор программы

Kurbatov, Aleksey J.

Kurbatov, Aleksey J.
Elective course
4 year, 3 module


Course Syllabus


his course aims to describe the main segments of modern banking law in a comparative perspective, therefore it covers the fundamentals of modern banking regulations in international, regional and national levels, as well as private – contract regulations of the main bening transactions.
Learning Objectives

Learning Objectives

  • The objective of the course is familiarise the students with modern banking regulation both at national and international levels, including soft law of international bodies (Basel Committee, IADI and others), EU Directives, national banking laws of selected countries; contracts involved in banking transactions, bank customer (consumer) protection.
Expected Learning Outcomes

Expected Learning Outcomes

  • Students are expected to gain professional understanding of the main sources and institutions of modern banking law;
  • Students are expected to gain professional understanding of the legal status of credit institutions, their managing bodies and shareholders;
  • Students are expected to gain professional understanding of the main rules regulating banking transactions;
  • Students are expected to gain professional understanding of regulatory (registration, licensing, reporting, competition, etc.) rules and requirements with regard to banking activities;
  • Students are expected to gain professional understanding of the legal status of regulatory bodies in modern banking;
  • Students are expected to gain professional understanding of the customer protection and alternative dispute resolution schemes in banking;
Course Contents

Course Contents

  • General Features of Modern Banking Law
    Modern trends in banking law, harmonisation of banking legislation, shift of its paradigma. Main sources of modern banking law, the role of the soft law. The structural parts of modern banking law.
  • Credit Institution in Modern Banking Law
    The notion of credit institution, its legal capacity, licensing of its activities, requirements regarding the shareholders and managers of a credit institution, senior managers regime; performance of the public functions by the credit institutions.
  • The Bank and the Client, Customer Protection in Modern Banking Law
    The status of the client in bank-customer relations. Informational assymetry, unequal bargaining powers and procedural (dispute-resolution) assymetry. Main EU directives and national laws on customer protection in banking. Financial ombudsman schemes in modern banking systems.
  • Regulation and Supervision over the Banking Activities
    Prudential and non-prudential regulation in modern banking law. Supervision over the conduct of credit institutions. Regulatory bodies, different systems of the regulatory bodies in modern banking systems. Soft law of BCBS. Megaregulator versus division between the administrative and economic functions in the banking system. Rules based versus principles based regulation.
  • Deposit-Taking in Modern Banking Law
    Deposit contracts in different jurisdictions. Freedom of contract v. state regulation of deposit contracts. Deposit insurance – main EU directives, soft law of IADI, deposit protection schemes in selected jurisdictions.
  • Loans in Modern Banking Law
    Loan contract in modern banking law. Standartisation trends, terms and conditions of standard LMA and LMSA loan contracts. Regulated loans in mdern banking law – consumer loans, mortgage loans. EU directives and legislation of selected jurisdictions on consumer credit and mortgages.
  • Payment Services in Modern Banking Law
    General trends in payment services. Payment Services Directives. Payment services regulators. Basic bank accounts and payment services for consumers. Payment services in commercial transactions, specific banking payment products (letters of credit).
Assessment Elements

Assessment Elements

  • non-blocking Attendance of lectures and participation in seminars
  • non-blocking Case analysis – written knowledge assessment during the seminars
  • non-blocking Written exam - essay (online)
Interim Assessment

Interim Assessment

  • Interim assessment (3 module)
    0.2 * Attendance of lectures and participation in seminars + 0.4 * Case analysis – written knowledge assessment during the seminars + 0.4 * Written exam - essay (online)


Recommended Core Bibliography

  • Diamanta Sojeva. (2018). Similarities and Differences between the Credit Contract and the Loan Contract in the Banking Law. Acta Universitatis Danubius: Juridica, (2), 25. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsdoj&AN=edsdoj.53c41606fe864695a3763fae46c29124
  • Maphuti David Tuba. (2017). Lodhi 5 Properties Investments CC v FirstRand Bank Limited [2015] 3 All SA 32 (SCA) and the Enforcement of Islamic Banking Law in South Africa. Potchefstroom Electronic Law Journal, 1. https://doi.org/10.17159/1727-3781/2017/v20n0a1308

Recommended Additional Bibliography

  • Sbarbaro Ferruccio Maria. (2018). The Italian Regulation of the Intra-Group Financial Support Agreement in a Comparative Perspective. Управленец, (1), 24. https://doi.org/10.29141/2218-5003-2018-9-1-4
  • Silvia Lucia Cristea. (2015). Juridical Regime of the Interest in the Romanian Law. Particular Case. Comparison between the Regulations of the Remuneratory Interest Versus the Penalizing Interest, in the Romanian Banking Law. Perspectives of Business Law Journal, (1), 121. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsdoj&AN=edsdoj.0ecd753091aa4af1b014caf929e37304