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BFN305Management Sciences3 Unitsintermediate

Banking Laws & Regulations

This course introduces students to the laws and regulations governing the banking industry in Nigeria. It explores the legal, regulatory, and supervisory frameworks that shape banking operations. Students will review banking reforms, the structure of Nigeria's financial system, and the roles of key regulatory bodies such as the CBN and NDIC. The course also covers ethics, corporate governance, sources of instability, and regulatory efforts to stabilize the financial system, equipping students with practical knowledge for a banking career.

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120h

Study Time

13

Weeks

9h

Per Week

none

Math Level

Course Keywords

Banking RegulationFinancial LawsCBNNDICCorporate Governance

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level

Builds on foundational knowledge

65%

intermediate

📚

Math Level

No Math

📖

Learning Type

Theoretical Focus

Course Topics

Key areas covered in this course

1

Banking Regulation

2

Financial System Structure

3

Regulatory Authorities

4

Ethics in Banking

5

Corporate Governance

6

Financial Stability

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Bank Manager

Apply your skills in this growing field

Compliance Officer

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Loan Officer

Apply your skills in this growing field

Regulatory Officer

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Commercial BankingInvestment BankingRegulatory AgenciesFinancial ConsultingAuditing

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1: Evolution of Law and Bank Regulation in Nigeria

7h

Unit 1: The concept 'Banking Regulation'

4 study hours

•Define banking regulation and its importance
•Discuss the evolution of bank regulation in Nigeria
•Explain the objectives of bank regulation

Unit 2: A Review of Banking Regulatory Reforms I

3 study hours

•Review banking regulatory reforms from 1891-1951
•Analyze the era of free banking and its consequences
•Understand the Paton Report and its impact

Week

2

Module 1: Evolution of Law and Bank Regulation in Nigeria

7h

Unit 3: A Review of Banking Regulatory Reforms II

4 study hours

•Examine banking regulatory reforms from 1952-1993
•Discuss the era of regulation and indigenization
•Analyze the Structural Adjustment Programme (SAP)

Unit 4: The Structure and Key Players in Nigeria's Financial System

3 study hours

•Identify key players in Nigeria's financial system
•Explain the roles of various financial institutions
•Analyze the structure of Nigeria's financial system

Week

3

Module 2: Regulatory Frameworks on Banking and Regulatory Authorities

7h

Unit 1: Legislation and Regulatory Authorities on Banking in Nigeria

4 study hours

•Discuss legislation and regulatory authorities on banking
•Understand the roles of the CBN and NDIC
•Analyze the legal framework for banking regulation

Unit 2: Central Bank of Nigeria (CBN)

3 study hours

•Examine the historical evolution of the CBN
•Discuss the objectives and functions of the CBN
•Analyze the regulatory and supervisory framework of the CBN

Week

4

Module 2: Regulatory Frameworks on Banking and Regulatory Authorities

7h

Unit 3: Nigerian Deposit Insurance Corporation (NDIC)

4 study hours

•Examine the historical evolution of the NDIC
•Discuss the objectives and functions of the NDIC
•Analyze the legal framework governing NDIC operations

Unit 4: The Financial Services Regulations Coordinating Committee (FSRCC)

3 study hours

•Examine the historical evolution of the FSRCC
•Discuss the objectives and functions of the FSRCC
•Analyze the role of the FSRCC in coordinating financial regulation

Week

5

Module 3: Ethics and Best Practices

7h

Unit 1: Ethics and Best Practices in Banking Industry

4 study hours

•Define ethics and its importance in banking
•Discuss the objectives and principles of a banking code of ethics
•Analyze ethical values and sources of ethical behavior

Unit 2: Corporate Governance in Banking

3 study hours

•Define corporate governance and its importance in banking
•Discuss the CBN Code of Corporate Governance for Banks
•Analyze the concept of insider abuse and bank fraud

Week

6

Module 3: Ethics and Best Practices

7h

Unit 3: Sources of Instability in the Banking Sector

4 study hours

•Identify sources of instability in the banking sector
•Discuss the impact of macroeconomic environment
•Analyze the role of weak management and corporate governance

Unit 4: Regulatory Authorities Efforts at Stabilizing the Financial System

3 study hours

•Examine regulatory authorities' efforts to stabilize the financial system
•Discuss the roles of regulation and supervision
•Analyze the emphasis on good corporate governance

Week

7

Module 3: Ethics and Best Practices

7h

Unit 5: Critical and Emerging Aspects of Banking Practices Subject to Control and Regulation

4 study hours

•Discuss globalization and financial openness
•Analyze the importance of transparency and information disclosure
•Understand the impact of competitiveness and service quality

Unit 6: Forms and Methods by which Regulatory Authorities Carry out Supervisory Functions in Banks

3 study hours

•Examine the forms and methods of regulatory authorities' supervisory functions
•Discuss on-site and off-site supervision
•Analyze global supervision and cooperation with foreign supervisors

Week

8

Module 1: Evolution of Law and Bank Regulation in Nigeria

7h

Module 1: Revision

7 study hours

•Review Module 1: Evolution of Law and Bank Regulation in Nigeria
•Revise banking regulatory reforms and the structure of Nigeria's financial system

Week

9

Module 2: Regulatory Frameworks on Banking and Regulatory Authorities

7h

Module 2: Revision

7 study hours

•Review Module 2: Regulatory Frameworks on Banking and Regulatory Authorities
•Revise the roles of CBN, NDIC, and FSRCC

Week

10

Module 3: Ethics and Best Practices

7h

Module 3: Revision

7 study hours

•Review Module 3: Ethics and Best Practices
•Revise ethical principles, corporate governance, and sources of instability

Week

11

Assignment Preparation

7h

Assignment 1 Preparation

7 study hours

•Work on Assignment 1
•Focus on key concepts from Modules 1 and 2

Week

12

Assignment Preparation

7h

Assignment 2 Preparation

7 study hours

•Work on Assignment 2
•Focus on key concepts from Module 3

Week

13

Final Revision

7h

Final Revision

7 study hours

•Comprehensive course review
•Focus on areas of weakness
•Prepare for final examination

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create detailed summaries of each unit, focusing on key definitions and regulatory frameworks.

2

Develop case studies applying ethical principles to banking scenarios.

3

Practice analyzing financial statements to assess bank stability and compliance.

4

Review past assignments and tutor feedback to identify areas for improvement.

5

Create concept maps linking regulatory bodies (CBN, NDIC, FSRCC) to their respective functions.

6

Focus on understanding the historical evolution of banking regulations and reforms in Nigeria.

7

Practice essay questions on the role of corporate governance in preventing bank distress.

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