Banking and Financial Services: Legal and Ethical Considerations
Description
Explores legal frameworks, contractual obligations, and ethical issues facing BFSI, with emphasis on digital ethics and responsible innovation.
Learning Objectives
Develop a nuanced understanding of the legal risks, contractual frameworks, intellectual property issues, and ethical dilemmas that underpin decision-making in technology-led BFSI.
Topics (7)
Covers smart contracts, digital signatures, evidence, blockchain law, digital IDs, digital currency legalities, RegTech platforms, and innovation sandboxes.
Reviews law of contracts, negotiable instruments, insolvency, financial regulation sources (Acts, Guidelines), and customer/corporate legal relationships.
Data ethics, consent, explainability in algorithms, bias mitigation, ethical hacking, transparent practices, customer impact and regulatory focus.
Patents, copyright, open-source, trade secrets, protection of APIs, open banking frameworks, shared liability, and competition implications.
RFPs, SLAs, negotiation best practices, dispute resolution, liability clauses, termination for cause, due diligence, and technology outsourcing risks.
Examines regulatory complaints, dispute redressal mechanisms, whistleblower protections, anti-retaliation laws, litigation processes, and class actions.
International frameworks, FCPA/UKBA focus, internal controls, whistleblowing, suspicious activity reporting, technology risk management and audits.