Deadline for applications
Deadlines for Home/EU and International Applicants are available on the Taught Postgraduate application deadline page.
Module credits 2019-20
Please note that the credit framework for the LLM is changing from 22.5 credit modules to 15 and 30 credit modules for the academic year 2019-2020. This will not affect the overall credits that you take for the LLM which is still 180.
The LLM in Banking and Finance Law provides a thorough grounding in the fundamental principles of international finance and financial services law, covering local and international developments from practical, regulatory and policy perspectives. A wide range of regulatory and transactional areas are covered including, monetary law, banking law, financial regulation, central banking, securities law, secured transactions, corporate finance and M&As, insolvency cross-border insolvency, electronic banking, financing of developing economies, EU financial law and business ethics. You can choose from a wide selection of modules to design a programme of study that best facilitates your interests.
Our academics are engaged in current banking and finance policy making and legal regulatory reforms. In light of the recent economic global crisis and the ensuing new regulations, modules have been developed to reflect these changes, for example ‘Islamic Finance and Commercial Law’ and ‘Ethics in Business and in Finance’. This has led to the creation of a seminar series, featuring prominent figures from both industry and academia.
On many of our modules, you will have the opportunity to hear from and discuss with prominent figures from leading institutions, including the Bank of England, the World Bank, the Federal Reserve Bank of New York, the European Central Bank, the Bank for International Settlements, the International Monetary Fund, as well as partners in law firms from across the world.
Your fellow students will come from the UK and more than 80 other countries, each able to draw on prior academic and in many cases professional experiences from different jurisdictions to enrich discussion and debate in class.
Why study your LLM in Banking and Finance Law at Queen Mary?
The School of Law has consistently been ranked in the top 10 law schools in the UK for the quality of our research and teaching, and many of our internationally recognised staff act as advisers to governments, industry and NGOs, both nationally and internationally.
The Postgraduate Law Centre is based in Lincoln’s Inn Fields, Holborn, the legal district of London, close to law firms, chambers and the Royal Courts of Justice.
- There is a very high rate of employment of our students within six months of graduation.
- You will benefit from the expertise of the law careers advisers who organise events and internship opportunities with top UK and international law firms.
- Many of our internationally recognised staff act as advisers to governments, industry, regulatory authorities and NGOs, both nationally and internationally.
- You will be able to attend the Critical Thinking and Writing in Law programme to improve your writing and research in law skills.
- You will be able to take part in networking and social events run by the Queen Mary Postgraduate Law Society and upon graduating join our extensive alumni network.
- Professional module exemptions are available for the Chartered Banker Diploma from the Chartered Banker Institute.
Read more about the School of Law.
You will have access to facilities and equipment at the Postgraduate School of Law Centre in Lincoln's Inn Fields, which comprises workstations, wireless internet access, projectors and a common room. The Graduate Centre at Mile End campus will also provide work areas and social spaces tailored specifically to the needs and working patterns of postgraduate students.
As well as housing the Law Library and a European Documentation Centre, the Queen Mary Library at Mile End provides access to all the main British, European and international textbooks, law reports and periodicals and also offers one of the best commercial law collections in the country. Through the University of London College network, students have access to an unrivalled range of electronic law journals and databases.
In addition, Queen Mary provides free access to extensive online databases and collections including: Lexis, Nexis, Westlaw, Justis, Eur-lex, Hein-Online, Business Source Complete, Index to Legal Periodicals, International Court of Justice Reports, Kluwer Arbitration, Oxford Scholarship Online (Law), Reports of Patent, Design and Trademark Cases, UK Statute law database and United Nations Treaty Collection.
In addition to the Queen Mary Library and the British Library, postgraduate students are able to access the well-stocked law library at the University of London’s Institute of Advanced Legal Studies (IALS). The Institute, located at Russell Square, a few minutes’ walk from Lincoln’s Inn Fields, is one of the major law libraries worldwide. You will also have access to the University of London Library at Senate House.
The LLM is available to study full-time for one year or part-time for two years.
Each of the LLM programmes follows a common format: you will take 135 credits worth of taught modules which may be assessed by essays or examinations (see module overviews for full assessment details and dates) and thereafter you work on a 15,000-word dissertation worth 45 credits (submitted mid August). You are required to balance your taught modules equally across the two teaching semesters – a full explanation of this process will be available during induction and before module selection.
What differs from programme to programme is the range of modules that you are required to choose from. If you wish to take an unrestricted range of modules and any approved dissertation topic you should apply for the Master of Laws.
Professional Module Exemptions
The Chartered Banker Institute (CBI) has recognised masters programmes offered by the School of Economics and Finance for advanced standing for the Chartered Banker Diploma. Graduates can proceed directly to the Chartered Banker Diploma with no requirement for prior underpinning study, recognising the high level of commonality of elements within LLM Law and Economics programme content against the CBI’s Diploma modules.
Students on the LLM Banking and Finance programme who take both the QLLM136 Ethics in Business and in Finance and QLLM007 Banking Law modules will be eligible for exemption from the Chartered Banker Diploma compulsory module: Professionalism Regulation and Ethics.
Induction and choosing your modules
We run a comprehensive two-week induction period that includes an overview of the programme and advice on module selection as well as a range of other vital information sessions. You do not have to select your modules until you have had the opportunity to listen and learn about them in greater detail during induction. More detail of the induction programme will be made available online by early September each year.
LLM Year Planner
The LLM Year Planner gives you an idea of the structure of the programme and key periods for assessment and exams.
Undertaking a masters programme is a serious commitment, with weekly contact hours being in addition to numerous hours of independent learning and research needed to progress at the required level. When coursework or examination deadlines are approaching independent learning hours may need to increase significantly.
The part-time LLM is essentially aimed at legal practitioners working full-time in the UK. You will attend the same modules and follow the same teaching timetable as full-time students.
The part-time programme is, however, spread over two academic years.
In year one, you will normally complete 90 credits of taught modules. In year two, you will normally take a further 45 credits of taught modules and submit the compulsory 15,000-word dissertation (45 credits). This can of course be changed if necessary, as the dissertation can actually be done in either year. However we would always advise part-time students to take 90 credits of taught modules in their first year if they are timetabled in a convenient slot.
Although not recommended, it is possible for part-time students, who are having difficulties in finding taught modules that fit in with their work timetable, to submit two 45 credit dissertations – one per year. This would then enable you to take only 45 credits of taught modules each year, one per semester.
Part-time students may also wish to consider the LLM Flexible Study programme.
For more information:
Visit the School of Law website.
Frequently asked questions (FAQ)
If you can't find the information you are looking for on these pages, take a look at our LLM Frequently Asked Questions.
To specialise in this area, you must select 90 credits of modules from this list and do your compulsory dissertation in the field of Banking and Finance Law (45 credits). The additional 45 credits of taught modules can be in this area or can be unrelated and therefore selected from the full list of LLM available modules.
Note: Not all of the modules listed will be available in any one year and semesters listed can be subject to change. Any modules not available in the forthcoming academic session will be identified as soon as this information is confirmed by teaching academics.
Certain combinations of modules may be restricted or required – see the individual module description for more details. These are also subject to change but will be confirmed prior to module selection.
- SOLM001 Securities Regulation (Sem 2)
- SOLM002 EU Financial and Monetary Law (Sem 1)
- SOLM003 Regulation of Financial Markets (Sem 1)
- SOLM004 International Financial Regulation (Sem 2)
- SOLM005 International Finance Law (Sem 1)
- SOLM006 International Finance Law Applied (Sem 2)
- SOLM007 Banking Law International (Sem 1)
- SOLM008 Banking and FinTech Law (Sem 2)
- SOLM009 Corporate Finance Law (Sem 1)
- SOLM010 Mergers and Acquisitions (Sem 2)
- SOLM011 Law and Ethics in Business and Finance (Sem 1)
- SOLM012 Corporate Governance and Responsibility in Finance (Sem 2)
- SOLM013 Bank Insolvency and Resolution (Sem 2)
- SOLM014 Sovereign Debt Restructuring (Sem 2)
- SOLM016 Islamic Finance and Commercial Law (Sem 2)
- SOLM018 Principles of Regulation (Sem 1)
- SOLM139 Insurance Regulation (Sem 2)
- SOLM191 Legal Aspects of Financing Development (Sem 2)
- SOLM194 International Economic Law (Sem 1)
- SOLM199 Law of Economic Crime: Proceeds of Crime (Sem 1)
- SOLM200 Law of Economic Crime: Corruption (Sem 2)
- SOLM223 Compliance in Global Markets (Sem 1)
- SOLM224 Compliance Systems in Practice (Sem 1)
- SOLM230 Art and Money (Sem 2).
The usual qualification for entry to the LLM programme is a degree in law, or a degree with a substantial law content, of at least 2.1 honours (or equivalent). Law graduates with 2.2 honours who also have other legal qualifications and/or substantial professional legal experience may also qualify.
Non-law graduates with a minimum second class honours degree, that have also obtained a Merit (or 60 per cent) in the Common Professional Examination (CPE) or Graduate Diploma in Law (GDL) recognised by the UK professional bodies, may also qualify. Non-law graduates may also be considered on the basis of exceptional professional experience (of at least five years) in a legal area or an area directly related to their programme of study.
In all cases, a full online application is required in order for a fair assessment and decision to be made. Each application is considered on its merits and on sight of full application documents. A full and detailed CV is required for all applications and is particularly relevant where professional experience needs to be considered.
Students from outside of the UK help form a global community here at Queen Mary. For detailed country specific entry requirements please visit the International section of our website. If your first language is not English, you must provide evidence of your English language proficiency. Find details of the English language entry requirements for postgraduate law programmes.
If you do not meet language or scholarly requirements it might be possible for you to undertake foundation or pre-sessional programmes that will prepare you for the masters programme. For more information you require, please contact the Admissions Office.
How to apply - one LLM programme only
You may only apply for one of the School of Law’s LLM London programmes at a time. This restriction does not include the LLM Law and Economics programme or the LLM in Paris programme, which you may still apply for. You are permitted to apply for a maximum of two Queen Mary taught postgraduate programmes, so you may still apply for a further non-LLM London programme should you wish.
If you apply for one of the LLM London programmes, then later decide you would prefer to attend a different LLM specialism, please contact the Admissions Office Law Team at firstname.lastname@example.org - prior to enrolment - to request a manual change of LLM programme. Do not submit a new application.
Learning and teaching
As a student at Queen Mary, you will play an active part in your acquisition of skills and knowledge. Teaching is by a mixture of formal lectures and small group seminars. The seminars are designed to generate informed discussion around set topics, and may involve student presentations and group exercises as well as open discussion. We take pride in the close and friendly working relationship we have with our students. You will have a team of advisers to support you, including the LLM and Research Directors, your dissertation supervisor and tutors and your module convenors.
Where will my lectures and seminars be held?
Teaching is based at the School of Law's postgraduate centre in Lincoln's Inn Fields (nearest Underground station: Holborn). Depending on the courses you take, you may also have classes at the Mile End Campus (nearest Underground stations: Mile End and Stepney Green) or the University of London's Institute of Advanced Legal Studies (nearest Underground stations: Russell Square, Euston and Euston Square) or Charterhouse Square (nearest underground station: Barbican).
The Draft LLM Teaching Timetable 2018/19 will give you some idea of the different locations used for teaching. This is a sample only and venues and times/days can change from year to year. The LLM teaching timetable is given to students during the induction period (after enrolment).
For every hour spent in classes you will be expected to complete further hours of independent study. Your individual study time could be spent preparing for, or following up on formal study sessions; reading; producing written work; completing projects; and revising for examinations.
The direction of your individual study will be guided by the formal study sessions you attend, along with your reading lists and assignments. However, we expect you to demonstrate an active role in your own learning by reading widely and expanding your own knowledge, understanding and critical ability.
Independent study will foster in you the ability to identify your own learning needs and determine which areas you need to focus on to become proficient in your subject area. This is an important transferable skill and will help to prepare you for the transition to working life.
You will be assessed by a mixture of formal examinations and coursework in the six taught modules, followed by more self-directed work on your 15,000-word dissertation.
You will also complete a dissertation of 15,000-words.
Teachers contributing to this programme include:
- Professor Peter Alldridge
- Dr Gabriel Gari
- Dr Andromachi Georgosouli
- Dr Miriam Goldby
- Mrs Dabrowka Grodz
- Professor Rosa Maria Lastra
- Dr Rafael Leal-Arcas
- Professor Loukas Mistelis
- Dr Valsamis Mitsilegas
- Professor Rodrigo Olivares-Caminal
- Dr Christiana HJI Panayi
- Dr Shalini Perera
- Professor Philip Rawlings
- Dr Costanza Russo
- Professor David Southern
- Dr Leon Vinokur
- Charles Chatterjee (V)
- Mr Andrew McKnight (V)
- Mr Graham Roberts (V)
- Dr Dorit Samuel (V)
- Dr Bernard Schneider
- Professor George Walker.
Tuition fees for Home and EU students
2019/20 Academic Year
Full time £15,100
Part time £7,550
Tuition fees for International students
2019/20 Academic Year
Full time £22,150
Part time £11,075
There are a number of sources of funding available for Masters students.
These include a significant package of competitive Queen Mary bursaries and scholarships in a range of subject areas, as well as external sources of funding.
School of Law scholarships
The School of Law offers a range of scholarships for Law Masters programmes each year. Full details are made available on the law funding page from October – November each year.
Queen Mary bursaries and scholarships
We offer a range of bursaries and scholarships for Masters students including competitive scholarships, bursaries and awards, some of which are for applicants studying specific subjects.
Read more about funding a masters
Alternative sources of funding
Home/EU students can apply for a range of other funding, such as Professional and Career Development Loans, and Employer Sponsorship, depending on their circumstances and the specific programme of study.
Overseas students may be eligible to apply for a range of external scholarships and we also provide information about relevant funding providers in your home country.
Detailed information about postgraduate funding options is available in our Postgraduate Funding Guide.
Read more about funding a masters.
Tel: +44 (0)20 7882 5079
Other financial help on offer at Queen Mary
We offer one to one specialist support on all financial and welfare issues through our Advice and Counselling Service, which you can access as soon as you have applied for a place at Queen Mary.
Our Advice and Counselling Service also has lots of Student Advice Guides on all aspects of finance including:
Tel: +44 (0)20 7882 8717
Vladimir Jelacic, Serbia
School of Law Alumni
LLM in Banking and Finance Law
"It was not long after I first applied for the LLM in Banking and Finance Law at the QMUL that I realized I made the right choice. All the replies I got from the staff and all the answers to my anxious inquiries were timely and, what at first struck me as odd, friendly and almost informal, but still professional and appropriate. Right after I came to London and first got introduced to the program and the people behind it, my expectations were confirmed – I found a top-quality LLM program without a stiff upper lip, a place where you work hard, but also play hard, a perfect combination. Throughout the year, beginning with the amazing Cumberland Lodge induction seminar, I kept noticing that the importance has been placed on both curricular and extra-curricular needs of the students. The time spent on lectures as well as the studying time needed to keep up with the course was well balanced, which in my opinion, kept the course intense, but pressure-free. For me this was very important, because the course recognized the significance of leisure and extra-curricular activities while studying in London.
Direct contact with the professors, frequent tutorials, feed-back sessions with the students, individual research support, the best tailored distance learning facility, ample free literature, but also out-of-London inductions, parties, career services, well located lecture venue and friendly staff that gives a completely new meaning to the word administration. When you put that all together, you get a postgraduate law course that managed to escape the stiffness and inflexibility of the corporate approach to education, but maintained the capability to prepare you more than adequately for the encounter with the corporate world awaiting."
- Dr Tom A. Fearnley taught a special class at CCLS to energy law and banking and finance law students
2 February 2018
- Dr Costanza Russo commissioned research piece for the Committee on Standards in Public Life (CSPL)
29 February 2016
- QLLM14 Corporate Insolvency Law module welcomes guest lecturer Jaques-Alexandre Genet
30 March 2015
- Dr Costanza Russo on Banking conduct risk in 'The Banker', an FT publication
21 January 2015
- Centre for Commercial Law Studies to collaborate with Seven Pillars Institute for Global Finance
23 April 2014