Ensuring Digital Signature Lawfulness for Banking in United Kingdom

How to eSign a document: digital signature lawfulness for Banking in United Kingdom

the center of commercial studies which is a center who specializes in in commercial law in which the banking and finance Falls is within the School of Law and we are sixty eight full-time academics and on top of that we our member of staff gets the group gets enhanced by other members of staff from the School of Economics and finance who who sometimes deliver lectures within our programs the the program every year had a number of nationalities being represented both among members of staff students you can easily tell that from my strong English accent but basically it is a very lively enriched study environment where usually we have more or less 85 different nationalities represented among the community that you will encounter that we marry basically we we attract a number of students from different backgrounds some of them are already well established professionals I have in some of my courses I've been teaching a partners of international law firms and also some students who have recently graduated from university so you have the full spectrum and you have also this combination between civil law common law and we cover the whole globe so basically you have people from the Americas from the African continent Asia Europe Oceania so business we have this a vibrant diversity a and also civil law common law Islamic law so we have this richness which enhances the debates that we conduct on on the topics that we cover and just to what do we offer a I I am convinced that in banking and finance we are undisputed leader in Europe and probably in the world we are definitely in particular in banking and finance without doubt I would say in the top three because what we offer is a world class curriculum in banking and finance which is not only you will see from the couple of slides to come not only because of us and what we do one we are at the forefront of developments you will see that I will briefly show you a slide one where I present the whole team that basically we provide advice to some of the key international institutions to some of the key think tanks and law firms as well so before we go into that the question is why you should be studying banking and finance basically it's a very broad covers a very broad spectrum of topics and possibilities and these are just a couple of news recently reported on the Financial Times about for example the whole development of FinTech on the back of that financial regulation or fin wreck and they issues all electronic currencies digital coins the issue of whether to start with what what are they are they an asset are they a security are they a currency and what's the value what's the role and how should we regulate them or issues such as the role of financing and on this particular slide was more than representing is the role of private equity in M&A transactions where for example basically the section for 42 billion were conducting the first half of 2019 for how there are some private equity funds that at the moment they have one fund alone has more than 400 billion of assets under management of the what I'm telling you is some of these private equity funds are bigger than countries or bigger than many countries all too so this is kind of just an example of how big this instance we have become and that opens a whole array of questions of what happens if something goes wrong it what happens if we need to bail them out Hey how are we going to regulate them how we're going to supervise them so there are many questions and then these are some just some examples of the issue that we can be addressing or covering throughout the year depending on the topics that you will be choosing this is just to briefly introduce you the team of experts that you you will probably come across depending again on your model selection and there are many more which are probably not core specific to to banking and finance but here what you have is a some of these experts which include professor Uniqua college within the trigger yes really short and Raju the the slides on the back they are not showing trying so you may want to share the screen otherwise the others can see the slides I cannot see the slides I don't see none of the slides so far I have not seen any of the slides so far okay perfect here we are can you see them now yes yes yes okay I will appreciate if you could let me know before but no worries I was going to figure out if the building you were referring to is the Queen Mary main building okay that was a Bank of England okay sorry these are the members of staff that busy the community that we have this is what we do world-class curriculum in banking and finance Bitcoin private equity and our stuff see I stopped you at the right moment when you're showing us you see very good so basically here you have a some of the key members of staff who will be joining us throughout who are with a moment without a year and basically Yanni's here I don't know demos I'm not sure whether katrien is with us on the call at the moment but Catherine is was also going to join us today she will join okay and basically what we are what we are dealing is this is what I was telling you basically we are at the forefront of international consulting and these are some some of the advisory roles that we have had with the House of Lords in the UK International Monetary Fund the World Bank the OECD the IFC the African Development inter-american Development European Central Bank government's central banks etc so we are we end up being at the forefront of developments we are involved in drafting some of the legislation we are all in drafting some of the some of the some of the legislation some of the policy papers and a result of that we gain some in the research that we conduct we gain some punch know-how and then we share this in class and we many times interact with students and try to hold them involve them in in those projects that we do but this is was mainly just to showcase a little bit who who we are and what we do and these are some of the guest speakers that join us or regularly we try to bring them pretty much every single year and then you will see for example those and the photos are the one on the top corner with the grey suit and the yellow tie that's laboux hike he used to be a senior partner like Larry calls it he has just retired but and he has become a visiting professor at Queen Mary but he has been involved in advising governments on how to restructure the debt including Greece Russia Pakistan many of them you name them then just below Lee Buca you see Kyra slowly she's the general counsel of the European Central Bank a on their side on the top you have Devo Devils do their was the general counsel of the Bank for International Settlements and below him you have a rola wixbrix Brown with the general counsel of the International Monetary Fund these are very good friends of the house and these are people who usually come and deliver lectures within the courses you also have people like for example a one of my courses Janice can talk about the other one but for example in I co-teach with Yanni's corporate finance in that module we have partners from Skadden Arps and Holden lobell's who comes to deliver some guest lectures or for supporting one of my other courses awasum financial distress we have partners from fresh fields who come and deliver some of the regular lectures but this is just to enhance the team of academics with whom you will be engaged on a regular basis and then why banking and finance I think that basically because some just general bullets money all the wheels of the economy because of Trade and Investment fineness is an indicator of development the importers of financial intermediation the access to money financing and the capital markets in general because the payment system is part of banking and finance and you might not realize but if anyone did an online transaction today or if any of you withdraw money from an ATM that that has taken place through the banking and finance system why because banking our final facilitates the efficient allocation of resources and also tries to work on issues such as information asymmetry and basically because banking or finance is at the core of the good days and the bad days or the sunny days and the rainy days in good times we have a lot of corporate finance activity measures decision project finance initial public offerings and when things don't go as planned we have the restructuring the insolvency procedures all this is why banking and finance is so relevant and topical pretty much all the time why why London because it's the financial capital of the world it has a specificity and a set of valuable skills that you can gain studying in London and english is the language of the capital markets and the English legal systems have a couple of things which are very very relevant which are party autonomy and the sanctity of contracts which is achieved through the governing law and that's why most international financial transactions end up using English law the governing law and many of the intra European governmental relations end up being governed despite the fact that the UK is not part of the euro area they still end up being governed by English law and finally Wieck we marry a excellence in teaching top quality research and innovation the exceptional learning environment the diversity that you can get the cutting edge of extracurricular activities as I was just recently referring to some of our guest speakers or the things that we do for example and again I usually try not to talking in hypotheticals I can easily and I'm happy to engage with some of you in the conversation without all examples but for example I am at the moment in Port in restructuring the deaths of an African country and I'm advising the government on that and like that each one of us has some of these projects which enhance and enrich the teaching our research etc and basically bottom line I think that basically all these ask the international culture then dynamism they get speakers the projects the research initiatives are all this creates a very vibrant environment that you can benefit from finally we are also one of the few institutions who are members of the Russell Group in the UK and just to conclude with this one because I don't want to do a lengthy presentation I think it's more important for you to have the opportunity to to ask your questions there are a lot of career opportunities there's a dedicated team that will assist and help in in the whole job search process helping you how to draft a cover letter how to improve your CV etc but besides that there are regular events organised and then we have some already lineup internships that basically the job opportunities would end up being endless and this is these are just some of the examples were some of our graduates have end up working or with whom they have done an internship in in the recent in the recent years Alan over relator is Clifford Chance Freshfields Bank of England IMF Bloomberg etcetera so I think that probably I will just Park it there I don't know if Yanni circuitry will like to add something something briefly or whether we should just go straight into the Q&A and I think that but revising that that I don't know if Janice or Kathleen do you want what any comments nothing from me both Q&A that has nothing to add because I think our attendees would be able to get more information from us and ask direct questions they have in mind on the Q&A with that I think jumping in to do a Q&A with the great thank you if we can just read the questions out and then read beyond give the answers verbally that way we can share them unless they are private queries of their students but I just like to encourage you to put your questions in the Q&A and we have time to do with them and we'll start with the first question somebody has arts will the modules in January 2021 remain as mentioned for September 20 20 on the Q mu l website so I think probably quite a lot of students will be wondering okay if they defer and start in January will they be able to access the same modules as students that have started in September to the panel mutagen sorry did you um I should I repeat the question I'm not sure did you hear I heard the question Bob just said good afternoon I was going to ask a life question that one might understand yeah exactly sure you take the life question first because I don't interrupt the person who wanted to come in and then I will answer the bank okay no problem shall we yes please you may want to ask a question because you I think you step teams of you know who it is but please do ask the question I will take silence as I know okay yeah I just think it's probably best if you just read the questions and then we can answer them this worked pretty well on some of the other sessions so yeah let's that way we can just move forward we don't quite quickly thank you okay so with the modules in January 2021 remains a must mention for September 2020 and they claimed well website what we are striving to do at this point is to ensure that whoever defers 21 January or joins as a direct entry applies for a January entry they will actually be able to attend as many modules as possible which would be the same as the ones who start in September in the January 2020 modules the join up 2020 program which we have an 8 months or nine months duration here if we have a nine month duration students will be able to follow the modules with the same group of individuals who have started in September when they will be running from January until March and from motors which run between September and January they will be able to get access to materials which have been already pre-recorded which will be running between September and December and I will actually be able to follow that content there of course all of us are going to be there for all students whether you start in September or you deferred to January or you start in January we will all be there to provide support and hold your hands if you do face some difficulty in the independent but our aim and where we are Islam do at this point is ensure that somebody could join the September and certainly who comes in January will have the same experience as students by RT CLS thank you thank you want to highlight that that we are adding another semester which is the one for shorter modules so basically usually we only run two terms term one that goes from September till December and time to the runs from January till the end of March or early April now we are adding another one that runs a in June and I think it's part of July as well and so basically you might not have the exact same models running in September but they will be an online version will be available and in some some format and then what you will have you will have two additional semesters to choose modules from yeah I just wanted to add that for people that are interested in which modules will be running the best place to look for an up to date list is on the website so if you go onto the banking and finance program and click on the modules you will see the different terms so the different semesters for the January and September and there will be a list of the different modules of what will be running in which term so therefore a concrete list and please do check the website and if you do have any further questions feel free to email our program office or myself the next question is don't invite my colleagues I think that's a that's a straightforward answer because it depends on a number of things depends on the career progression you have already held independent where you want to see your career going it depends on what kind of modules you like so if for example let's let's take the argument that you have being an in-house lawyer you are in-house lawyer now and you'll be dealing a lot with financing issues so you know that you know this from either you studied earlier practitioners experience what you may want to do on the LLM is add an additional element an additional angle to your legal expertise which then you can promote to future employers or within your own firm so it depends on what do you want to get a set up and where you are now if you they are at that if you are an LLM student who does not have any more experience so you actually now will be Bill element and have a solid qualification from a leading university to be able to actually get the job you dream of then depending on what job that is it will need to tailor-make the modules to abduct with this type of job so it varies to a large extent that's a very tricky and very difficult question to answer because it's very personal that depends and I'm going to link this to another question that I saw there we're talking about and whether they can take for example another module from taxation it depends how you want to start to your program whether you want to do there are some people that want to diversify and then take a little bit of different subject areas there are people doesn't have a very clear agenda and they know what they want to learn they want to specialize become kind of a niche expert in a specific area of the law and bottom line is both answers are correct and basically on that there's no right or wrong once you are once you come here basically we can one you have got a better feeling us what is that you might want to start it cetera then we can have a kind of more personal discussion as to your module selection but bottom line I think that basically it is a very personal decision and there are pros and cons on whether you want to diversify or specialize and yes you might be able you can depending on or your model selection is how you can start to your program that you might take some credits which are outside of this presentation yeah and I think I don't think it's a bad thing even if you already know specifically what specialization wanted you to take one or perhaps even two modules that are outside that specialization just out of interest I think it's something that is useful to not go too niche either and I think that's another thing I might add is that it might be where I thinking what do you want to do more transactional or regulatory work if you're interested in more sort of signing deals working on sort of doing M&A deals finance financing structures etc that's a different types of type of courses you'll be more looking at M&A corporate finance law if you're more interested in regulatory work then the other types of course is financial regulations etc that might be interested so it might be worth thinking of what type of lawyer you want to be as well shall I move on if you ask this question is not happy with the extent of our answer would like to come to come back please do so lives organ actually continue our discussion on each question and the next one is in relation to derivatives where they're how can students learn derivatives since we are not having the module for this academic year this goes back to the point of flow to recommend relation to tax there is a possibility and Potomac correct me here please that you can't take a module from outside the School of Law so you can take some credits in another show approval I mean no no the joint program yeah if you're doing it one of the other programs and you can take modules within the finance school but if you're just studying yeah in a mock and law thank you oh you can have modules from outside your specialism but not formerly in another one of the schools as far as I know yeah but the so if you do want to research more information within that area then I'm sure the academics can point you in the right direction give you the right resources we have extensive libraries and online resources for our students specific aspect of derivatives this year we are not running the dedicated module on derivatives because basically we need to try to give as much contact time as possible attestation meetings and then you will have the career sub ends then you could also have but again that all depends on your willingness to be engaged because there you have the conferences that we organise the special lecture that we organized the end-of-term lectures for example again that will depend on many factors and that also links to how many subjects can we access during a semester and again that's also relative because the idea is for you to you need to complete 180 credits for the LLM if you're doing it on a full-time basis and those 180 credits can be spread again depending how when you start and how you want to organize your program because in there will be they will end up being the possibility of up to three semesters you can choose how many you want to take and that will also depend on the type of model that you select because some modules have 15 credits and some model have 30 credits so and again you this year you will also have the possibility of not doing a dissertation on selecting more modules so it pretty much depends on how you are going to structure your own program then the Clara is asking whether there is a special course I'm sorry color.they in dissipation to ride whether you have a dissertation to write or they could just answer depending on you may have to he may not have and is there a special course or partnership with the course which prepares for the New York Bar Exam IB no unless rodeo katrien petrova correctly can I decide I'm just trying to find out the answer to that because there is an academic within the within the school that is linked with the New York Bar Exam so I will just email you back privately about that Claire because I have your details and confirm that with you later on today okay just just as a bagram we were developing two courses on on US law sorry two more courses which are specific towards the courses that have to be a credit because basically we already have some issues on on taxation it said that about basis they were we were developing a specific courses and in conversation with Barbara which are the one that usually prepared for the example a I will I will leave with robot to get back to you or that one yeah yeah I will pick up thank you very much sorry sure yeah now she's gonna move on to the next question because somebody is asking which most people want to know is will the teaching all take place online so I think yeah people are the uncertain you know how the delivery is gonna be in September so I know that for the first semester that we are offering a blended learning approach and that is where students will have the option to do modules online or will be able to have face-to-face lessons in our classrooms in London and so obviously we've carefully thought-out the co vid and dis social distancing but from January we are anticipating that we will be delivering on lessons all face-to-face so initially the first semester will be a blended approach and then we will go move forward to just a face-to-face teaching unless obviously developments do not allow us to do that I hope that us is a question if anyone does that's one more point a blood be aiming at least for the first semester because of the situation with coffee will be exactly a spittle I put it over that blended experience but if we see that we are in a situation where we cannot meaningfully deliver teaching content face-to-face then all teaching content will be done online because we need to give the opportunity to everyone cannot be here to attend the content and then we will provide some face-to-face and additional material or additional content which would be for the ones who can actually be physically in London so somebody who cannot physically be known or should not feel disadvantaged because we will not disadvantage in any way someone who can't come to London and somebody we cannot come to London however we don't want to see you in London and engage with you face to face if that becomes possible but so we are preparing for both conditionalities let me see if I can I can add a little bit of clarity into that because what we are aiming is to give you the best possible experience and we are preparing for both scenarios so the idea will be to try to do both because we also realize that that as the pandemic has kicked in it has not picked the every country at the same time so there are some countries which are slightly more advanced in the cycle another which are lagging behind in the cycle thank God and hopefully they will never get the cycle but the idea would be because I've been talking to some say someone who has applied from Latin America and telling me no I don't even know how am I going to get there because the air was not shot at the moment well that's the idea of this blended environment that you can start for example through online or distance learning and then you you will be able to join whenever you can and in that way for example if the court has already started in London you will be able to attend it let's say the first two or three lectures online and then you kind of come and join us on campus but again they ask petrol again it was in all this is dependent on several factors because we don't know how things will unravel between now the beginning of term while we are planning for both scenarios Thank You professor and we will move on to the next questions so someone is asked how many subjects can we study during the semester so I think that is related to how many credits and usually per semester would be about 60 credits is that's correct isn't it and they would either be 15 or 30 credit modules I'm aware of will the January program duration be shortened to be compared to December 1 so in January were offering two streams so there is the accelerator which is the nine month and then there is the 12 month which is the full year so be genuine right up until the end of the year if I'm assuming that's what you're asking if I cannot roma basically coming in January basically they will do what if you come in September would be first term and second term in the other way you will do the other way around you do your first time will be January till March and then you can if you want you can do the dissertation in between and then what used to be the first term now becomes your last term if you have cells in September sorry if I if that doesn't make sense but it's basically there are three semesters and you take them you start let's say in semester two then you do the in the dissertation and then you can do what it's additionally semester one now in addition to that we'll have a third semester so probably that why we that this now allows you to do an accelerated rule doesn't wonder Petra was referring to that would be a shorter in the land oh I think it's nine months or you can do the traditional twelve-month you will have the same amount of credit your dearly that one will be kind of slightly more compressed than the other thank you thank you do you recommend any specific reading before you start the course oh no this is a popular question for students that want to get ahead I suppose it especially in this Cove in time people may have more time but do I mean bearing in mind people haven't selected their modules or they may think they know their modules what would be your recommendation I have what I would have one I will strongly encourage you to read the specialized financial press that means the Financial Times The Wall Street Journal these are the time of type of newspapers that are covering what is happening in our spectrum I mean banking and finance in general and that will help you tremendously to be up-to-date with the latest developments and also that will also help you a lot to help you identify which are the main areas of international finance international banking law that you are more keen on and that will also facilitate you when selecting your mortgage but that's something that will will only help you and reach your general understanding of development and you will see that will facilitate you it's helpful in all possible ways because if you are not a native English speaker we start getting familiarized to reading in English and on top of that what are the latest developments and what are the kind of hot areas in banking and finance thank you thank you and so student has asked our students allowed to have internship opportunities in law firms or banking sector will there be a compulsory internship or any help from Queen Mary so I can definitely give you some advice in terms of the careers help that we offer our students so at Mary University of London we do have a specialist careers team that deal only with our postgraduate law students and a lot of them have worked in the legal profession especially in the UK and the USA and we set up a lots of workshops and opportunities to develop your skill set your your your job search your CV your resume to be able to look for work they also source work opportunities and they share this amongst the postgraduate law students to apply for now there isn't a compulsory internship element to our LLM programs and because they're quite an intensive one-year program but we do we do receive internship opportunities mainly for when people have completed their program and which they can apply for I'll leather and the academic leader took maybe a bit more because they'll have a bit more insight into potential opportunities that may come their way for that program a lot of opportunities throughout the year and this depends on the on the ongoing issues of that particular year there are a number of regularly established internships that basically every year they asked for our students under other that are ad hoc for example this year I've been approached by the EBRD that European Bank for Reconstruction and Development which is one of the Bretton Woods institutions and I am living there a project on debt restructuring and two of my students join the EBRD to work on this in this particular project and this is pretty much a six to eight-month project and that is just an example from what what have been happening this year then there's another student mine who is assisting on a project on financial innovation but again this depends on year by year but there are always a pre-established number of career events there's a pre-established number of internship opportunities so we cannot guarantee something but the answer is definitely yes there's also a lot of high-profile guest speakers that come a lot of events so there's a lot of networking opportunities as well for you to sort of establish your network and get the opportunities that you need thank you if we can maybe go on to another question someone's asked please can we explain the third term is this just for people who start in January so I think they're asking about the index or the 12-month program for the January starts the last term they would be doing a dissertation or all modules and youngest do you know oh yeah but to clarify a little bit more there's a term I do not know whether students who start in September can still take advantage of the third term teaching which is relevant yes this is something can come back to you on an email email us we need to get some certainty on either basically it is a third term that will be open for students because the dissertation has become optional in some of the specializations so the idea is if you start in September you can take modules in term one two or this new term free and in the same way if you join in January you can take a in in what is termed two which is general which for those interested general would be term one and this way it becomes a little bit convoluted and then that new new term three which for you those entering in journey would be terms too and that's why if you do the compare or the accelerated version of the patrolman trailing us a nine-month program then you will have those two terms if you take the longer 12-month version then you will have the three terms which is the one from January to March then the one the new term in between and then the one that goes from September to December but if you want to add anything or you want to not write that information because no that's fine I think we move on to another question about the January Star so does the January 2021 program for 12 months starting January 2021 till January 2022 it should finish in December so 2021 Sochi as far as I'm aware it will finish in the same of the same year but will last for that 12-month period and then we have a final question about the English requirements so other than that I out send a TOEFL home edition so if you look on our website you should see some entry requirements for Cambridge as well so again if you go to the website and you look under the English requirements under the banking and finance it will list out the different qualifications that we accept and there should be some Cambridge and then also if you've got issues taking your IELTS in time because of Kovan issues just let our admissions department know and they'll work with you and give you the alternatives and that they will accept or how there is a workaround around that so just the people from overseas are having issues trying to secure their tests in time and find out about free session orally as well and if there are no more questions we have a few more minutes you've asked there has been quite a lot of conversation going back and forth and which is fantastic if there is anything else you have a few minutes to put forward otherwise we we'll finish the session guys we're here for you I remember when I was applying for my master's program I had lots of questions and I would love to have this opportunity so we are a friendly bunch of people so feel free don't don't look at the intimidating professors just feel free to to ask any questions or concerns that you might have we are here to try to help you you can find the remaining details website happy to receive questions by email yes can you throw some light on the subject study semester 3 there are different mother would be taught in semester 3 I can I can talk about myself I don't know my colleagues but for example in semester 3 I will be this I will be running two modules one is on bank resolution and insolvency which is deal with the financial stress in financial institutions banks run on banks how we can prevent a major banking sector more resilient to a crisis and I am also running there one on sovereign debt restructuring what happens when countries a accumulate too much debt pretty much what happens with Argentina when they become a serial defaulted or how to cope with the current ongoing situation in Africa or eventually what would happen if there is some ongoing litigation like for example what's going on in Venezuela or what would happen for more developed countries like like the UK that has issued from almost night to morning 200 billion of that or Italy who used to already amassed a big amount of debt and now a lot of the crises they have exceeded even more so basically discuss and exchange views as to how government used to finance themselves and how they restructure I know that for example there's also a course on lower no means that would be running in semester three I don't know yeah nice Orkut ring if you are aware of any other model which will be running a semester three I'm not running anymore Lu semester three but this is something we'll come back to a little about you have a list already but we'll come back to you okay yeah if the modules are available please do look online on the website if you click on to the program page you will see a list of modules and we have updated them to identify so which ones will be happening in which terms so that's the that really is the best way to get and if you do have any questions or any uncertainty about then you can email us directly and the email details will be on the website so what we do understand that obviously modules are really important and that's why you do the LLM but though the website will have the comprehensive list on there thank you there is one more online I'm not refer to the English test all the other exams for each of the modules once your study hearing we Marie yeah I think they're referring to you know yet assessments at Queen Mary why don't we try to answer the other two well Wireless well this gets clarified on the topic specific on the restructuring of companies or corporations and project financing yes there are two modules and one is called a corporate insolvency and debt restructuring which deals precisely with the deaths of corporations I am responsible for running that module that was the one that was referring that I could teach with people from fresh fields and then the one on project financing does run by a colleague of mine professor George Walker who runs a module on international finance and then the last question is from Clara when do we have to choose the model we have to choose all modules at the beginning of the year for some accessory as well for example Clara the semester 3 something new to us so basically I think that pretty much the answer would be probably yes but I think that it will also be opportunities to change as a result of the fact that there would be new interns in January so my suggestion will be probably will be advisable to choose all your modules as soon as possible and then eventually if there's something that you need to do to change I think the project that would be my suggestion