Introduction to Financial Law
The aim:
1. To provide knowledge of of EU’s public finances law.
2. To provide fundamentals of EU’s law of financial market law.
3. To provide fundamentals of country’s public finance and financial market.
Acquired knowledge:
1. Student has the knowledge of the basis of legal basis of public finance and budget.
2. Student has the knowledge of the character and basic regulation of the financial market.
3. Student have the knowledge of the legal basis for the activity of financial institutions.
Acquired skills:
1. Student is able to apply provisions of the law in the area of public finance and financial marekt law.
2. Student is able to identify legal issues concerning relations between public finance, financial markets and law.
3. Student is able to use legal argumentation in order to present opinions on public finance and financial market issues.
Acquired social skills:
1. Student understands the significance of the law of public finance and financial market law.
Course contents:
1. Public Finance Law. The Public Sector and its Legal Regulation.
2. Concept and Functions of Public Finance.
3. Characteristics of the Basic Sources of Public Finance Law.
4. Public Finance Law. Budget as the State’s Financial Plan. Budget Principles.
5. Public Incomes and Expenditures – Legal Basis.
6. Taxes – legal basis.
7. Concept and Functions of Tax System. Sources of Tax Law. Kind of Taxes.
8. Taxation of income. Integration of direct taxation in the EU. Taxation of consumption. Taxation of wealth. Taxation and the Environment and Natural Resources.
9. Financial Markets Law. Kinds of Financial Institutions. Central Bank. European System of Central Banks.
10. Monetary system. Economic and Monetary Union.
11. Financial Supervision. Financial Safety Net. Banking Law. Money Laundering and its Regulations. Insurance Law.
12. Payment services. Investment Funds. Rating Agencies.
13. Customs Law. Customs Duty and Sources of EU Customs Law.
Recommended reading:
1. Financial Law, J. Gliniecka (ed.), Gdansk University. 2016.
2. Polish Financial Law, A. Dobaczewska, A. Drwiłło (ed.), Gdansk University. 2019.
Additional reading:
1. European Union Budget Reform. Institutions, Policy and Economic Crisis, G. Benedetto, S. Milio (ed.), Palgrave MacMillan. 2012.
2. European Tax Law, B. J. M. Terra, P. J. Watter, Wolters Kluwer. 2012.
3. European Union Public Finance, 4th ed., European Commission, Official Publications of the European Communities. https://ec.europa.eu/budget/library/biblio/publications/public_fin/EU_pub_fin_en.pdf 2008.