Pre-requisite: 51005
The law forms a significant part of the general environment within which financial institutions operate. It has an effect on the relationship between governments and financial institutions and more particularly between those institutions and their customers. Any person working in business requires a thorough grasp of relevant legal principles relevant to regulation of the finance industry and its participants, financial markets and products. Some areas of law covered include the provision of finance, securities for lending, insolvency and financing international trade.