General information

Course type AMUPIE
Module title Financial Market Law of the European Union-supervisory perspective
Language English
Module lecturer prof. dr hab. Magdalena Fedorowicz
Lecturer's email magfed@amu.edu.pl
Lecturer position Professor
Faculty Faculty of Law and Administration
Semester 2023/2024 (summer)
Duration 15
ECTS 6
USOS code 10-FMLEU-w-Erasm

Timetable

Thursday 16.45-18.15 p.m.; room 4.6, beginning 29.2.2024!

Module aim (aims)

a/ PROVIDING THE STUDENTS WITH BASIC KNOWLEDGE NECESSARY TO UNDERSTAND THE SUPRVISORY AUTHORITIES OF THE EUROPEAN FINANCIAL MARKET

b/ PROVIDING THE STUDENTS WITH BASIC KNOWLEDGE NECESSARY TO UNDERSTAND THE PRESENT ROLE OF THE EUROPEAN FINANCIAL MARKET

C/ PROVIDING THE STUDENTS WITH BASIC KNOWLEDGE NECESSARY TO UNDERSTAND THE CHOOSEN AREAS OF MICRO-, AND MACROPRUDENTIAL SUPERVISION OF THE EUROPEAN FINANCIAL MARKET

Pre-requisites in terms of knowledge, skills and social competences (where relevant)

Syllabus

Week 1:          Basic definitions and concepts (e.g. “financial system”, “financial market”, “financial institution”, “regulation”)

Week 2:          Historical development of the European financial market

Week 3:          Legal foundations of the EU financial market law            

Week 4:          European Union central banking system

Week 5:          European Union financial market supervision system (ESRB, EBA, ESMA and EIOPA)

Week 6:          European Banking Union (SSM, SRM and SGDS?)

Week 7:          European Union financial market and its chosen regulations- banking sector (regulation CRR, directive CRD IV)

Week 8:          European Union financial market and its chosen regulations- banking sector (directive 2014/49/UE)

Week 9:          European Union financial market and its chosen regulations- banking sector (chosen guidelines and recommendations of EBA)

Week 10:        European Union financial market and its chosen regulations- capital market (regulation CRA)

Week 11:        European Union financial market and its chosen regulations- capital market (regulation MIFIR, MIFID, EMIR)

Week 12:        European Union financial market and its chosen regulations- capital market (chosen guidelines and recommendations of ESMA)

Week 13:        European Union financial market and its chosen regulations (Solvency II, IDD Directive, Occupational pensions and chosen guidelines and recommendations of EIOPA)

Week 14:        European Union financial market and its chosen regulations (digital financial market of the UE: Digital Finance Package: Markets in Crypto-Assets Act- draft regulation and Digital Operational Resilience Act- draft regulations (DORA and MiCA)

Week 15:       Consumer protection on the financial market of the EU           

Reading list

  1. Fedorowicz, European Banking Union, Poland's National report for FIDE Congress 2016, [w:] European Banking Union, Congress Proceedings, Vol. 1, edited 6 by: Gy. Bándi – P.Darák – A. Halustyik – P. Láncos, Wolters Kluwer e-publication, Budapest 2016, 
  2. Fedorowicz, D. Mączyński, T. Nieborak, Financial law, [in;] Foundations of Law. The Polish Perspective, ed. W.Dajczak, T. Nieborak, P. Wiliński, Faculty of Law and Administration, Wolters Kluwer, Warsaw 2021, s. 563-607, 
  3. de Haan, S. Oosterloo , D. Schoenmaker, Financial Markets and Institutions: A European Perspective, Cambridge 2016, 
  4. Jurkowska-Zeidler, The Architecture of the European Financial Market: Legal Foundations, Warszawa 2016,