AF315

COURSE OUTLINE
BANKING LAW
1. SEMESTER/YEAR: Semester 1, 2023

2. MODE OF DELIVERY/LOCATION: F2F at Laucala & Blended at other campuses.

3. PRE-REQUISITES: AF108 or AF205

4. COURSE CO-ORDINATOR: Dr. Ilimotama Cawi., CPA, CFAS (ACFE)

5. TEACHING TEAM

Course Coordinator Teaching Assistant

Name: Dr. Ilimotama Cawi., CPA, CFAS (ACFE) TBA
Office: 014-S233
Phone: (+679) 323 2181
Email: ilimotama.cawi@usp.ac.fj
Consultation Hours: Thursday 2-4pm or by
appointment.

6. LECTURE TIMES & VENUE

Monday: 11am - 12pm in room (014-025); Wednesday: 11am-12pm in room (014-025);

7. EMERGENCY CONTACT

Name: Ms. Gloria Yam

Phone: 323-1615
Email: gloria.yam@usp.ac.fj

8. COURSE DESCRIPTION

This course covers the principal legal instruments, relationships and dealings commonly
arising in the day to day business of a banker. Topics are canvassed at a depth
appropriate to a person needing to be an accomplished and competent actor within a
legal environment, yet not claiming the expertise of a legal professional. Domestic
banking topics focus on Fiji law with reference to the law of other South Pacific
jurisdictions for comparative purposes where library facilities permit. Throughout the
course emphasis is placed upon standard form banking documentation in use locally.

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9. COURSE LEARNING OUTCOMES

On successful completion of this course, students should be able to:

1. Discuss the principal legal instruments, relationships and dealings in a bank.

2. Describe the role of the supervisory agency in financial Institutions.
3. Apply the different laws and regulations governing financial Institutions.
4. Apply commercial law rules and principles to concrete fact situations in the field of
banking.

10. PROGRAM LEARNING OUTCOMES (PLO)

On successful completion of the program graduates will be able to:

1. Apply fundamental concepts, instruments and institutions and their role in financial
markets.
2. Formulate financial plans to ensure the sustainability of individuals, households and
communities in the Pacific using appropriate models and software.
3. Appraise investment, financing and capital structure decisions to optimise
stakeholder value using appropriate models and software.
4. Apply relevant finance theories to asset allocation and portfolio management
decisions in the context of Pacific and global financial markets.
5. Analyse critically the risk profile of an entity to recommend appropriate strategies to
effectively manage risks.
6. Design relevant, future focused financial solutions and strategies for sustainable
Pacific households and economies informed by best practice and the experience of
other regions globally.

11. USP GRADUATE OUTCOMES

The USP graduate outcomes are as follows:

1. Communication: Graduates will be able to communicate ideas clearly and

persuasively in structured formats using language and other modes of
communication that are appropriate for context, audience and specific disciplinary
conventions.
2. Creativity: Graduates will extend boundaries of current knowledge in a particular
discipline or profession.
3. Critical thinking and quantitative reasoning: Graduates will be able to evaluate
multiple perspectives and arrive at a reasonable independent judgement based on
evidence.

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 4. Ethics: Graduates will demonstrate a commitment to high ethical standards in
scholarly, professional and socio-cultural practices.
5. Pacific consciousness: Graduates will recognize the cultural heritage and diversity of
Pacific societies for sustainable development in a contemporary environment.
6. Professionalism: Graduates will demonstrate the ability to carry out tasks to
acceptable standards within their profession and occupations.
7. Teamwork: Graduates will work together in a respectful and collaborative manner to
complete tasks within teams to achieve an outcome.

12. COURSE CONTENT

Focus for Each Week

1 Banking and the Law: An Introduction
2 Financial Institutions
3 Banking Act & Other Legislation
4 Central Bank: Role and Functions
5 Reserve Bank of Fiji (RBF) Guidelines, Supervision & Regulation
6 Customer, Bank & Finance (Cheque, draft, notes and collection process)
7 Payment Systems, Credit (Lending) Policy
8 Consumer Credit Law
9 Bills of Exchange Act & Exchange Control Act Rev. 1985
10 International Banking and Letters of Credit
11 Prudential Standards – Capital Adequacy
12 Prudential Standards – Risks & Other measures
13 Financial Transactions and Reporting Act
14 Combating Financial Crime

PRESCRIBED TEXT AND OTHER RESOURCES

Basic text

This course does not have any prescribed text book.

Supplementary text

Fiji Banking Act 1995

Reserve Bank of Fiji Act [Cap 210]

Students will be expected to refer regularly to their moodle page for additional readings.

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 Course Website

The course website is hosted on moodle (http://elearn.usp.ac.fj/). To access the course

website you must be enrolled in the course.

13. ALIGNMENT OF LEARNING OUTCOMES, ACTIVITIES AND ASSESSMENT

The following table demonstrates the alignment of the course learning outcomes to
appropriate activities and assessments and the links to programme and USP graduate
outcomes.

Course Associated Assessment Programme USP Graduate Outcomes

Learning Teaching and Outcomes
Outcome Learning
Activities
1 Lecture, Perusal 1, 2, 3, 4 1, 2, 3
tutorial readings,
discussion MSTest,
Group
Project, Final
exam
2 Lecture, Perusal 3, 4, 5, 6 2, 3
tutorial readings,
discussion MSTest,
Group
Project, Final
exam
3 Lecture, Perusal 4, 5, 6 2, 3
tutorial readings,
discussion MSTest,
Group
Project, Final
exam
4 Lecture, Perusal 1, 4, 6 1, 2, 7
tutorial readings,
discussion MSTest,
Group
Project, Final
exam

14. ASSESSMENT

14.1 ASSESSMENT PORTFOLIO

TYPE OF ASSESSMENT WEIGHT Comments/Rationale LEARNING

OUTCOME
CONTINUOUS ASSESSMENT 50%
Perusal Readings 10 Students will collectively 1, 2, 3 & 4
read, annotate and discuss
the weekly readings

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 uploaded in your Moodle
page.

Group Assignment 20 Your group assignment is 1, 2, 3 & 4

due in Week 9 and the
deadline for on-line
submission is provided in
the ‘Course Assessments’
window on Moodle.

MSTest 20 TO BE ADVISED 1, 2, 3 & 4

Will be held in or around
week 6 and will cover topics
1-5. May include
calculations, short answers,
case studies, essays, etc.
FINAL EXAMINATION 50%
Exam 50 3 hour paper (TBA by SAS) 1, 2, 3 & 4
May include calculations,
short answers, case studies,
essays, etc.

14.2 PASSING THE UNIT

In order to be awarded a pass in this unit, students must:

 Achieve an overall mark of at least 50% in the course.

 Attend at least 60% of the tutorial classes (for F2F students only).
 Achieve a mark of at least 40% in the final exam.

15. GRADE DISTRIBUTION

A+ A B+ B C+ C D E
85-100 78-84 71-77 64-70 57-63 50-56 40-49 0-39

16. ASSESSMENT POLICIES AND REGULATIONS

For detailed regulations, please refer to the USP Handbook and Calendar.

Plagiarism, copying materials from other sources without proper referencing and
acknowledge of the source is a serious offence and will be dealt with severely. In the
Regulations Governing Academic Misconduct section of the USP Handbook & Calendar
plagiarism is defined as “the copying of another person’s creative work and using it as
one’s own – without explicitly giving credit to the original creator. Work copied without
acknowledgement from a book, from another student’s work, from the internet or from
any other source”. If lecturer is satisfied that plagiarism has occurred, they will report the

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 matter to the Head of School. They can reduce marks appropriately. If the matter is seen
as serious enough it can be taken to the Student Disciplinary Committee by the Head of
School.

17. IMPORTANT DATES

Activity Week Weighting (%)

Perusal Readings Weekly 10
Group Assignment Week 9 20
MST Week 6 20
Final Exam (TBA by SAS) 50

18. ADDITIONAL COURSE ATTENDANCE

18.1 TUTORIALS

Face2Face students
Students are expected to attempt the tutorial questions before the weekly tutorial
sessions since it will provide a much better understanding of the weekly topics.

Tutorial Days & Time

Day Time Room

Monday 4pm – 5pm IS033
Monday 5pm – 6pm IS033
Tuesday 5pm – 6pm 093-002
Thursday 11am – 12pm 093-206
Thursday 12pm – 1pm 019-104A

Blended Mode Students

There will be NO weekly tutorial classes for Blended Mode students.
Satellite tutorial classes will be arranged. You will be advised of these classes
through the course Moodle page.

Tutorials will commence in the third week of the semester, and address issues in the
weekly topics and assigned readings for the previous week. You will be required to
undertake a number of tasks in preparation for the tutorial. You will be advised of
these tasks through the course Moodle page.

18.2 LABORATORY SESSIONS

NOT APPLICABLE

18.3 ONLINE WORK

Participate in online discussion forums

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19. STUDENT SUPPORT

19.1 ONLINE HELP & e-Learning INFORMATION

Consult your library staff

19.2 FACULTY STUDENT LEARNING SUPPORT (SLS) SERVICES

Student Learning Support (SLS) provides the necessary academic and study skills to
assist students with their course requirements.

There is a range of services that students can participate in or use free of charge.
These services are tailor made to help students tackle and manage the requirements
of tertiary education. These services include:

• Peer Mentoring Programme – high achieving senior students facilitate group

activities through which students are guided on study tips, problem solving, and
assessment preparation.
• Drop In Support - Students can drop in to meet with an SLS Specialist during
the operating hours at 091 – 013 (FBE SLS Hub) to seek assistance in assignment
planning, essay structure, referencing, understanding and selecting relevant study
skills, time management, speaking and reading skills and other related aspects. The
initial meeting should occur at least 3 weeks prior to the assignment due date.
• Academic Skills workshops – Either through the course or generally,
workshops on academic skills (Essay writing, Referencing, Reading and others) will be
conducted. Students are encouraged to attend.
The SLS Hub is located in Building 091(CELT Building), Room 013, Laucala (Upper)
Campus. The operating hours are Mondays - Thursdays: 9am - 5pm, Fridays: 9am –
4pm.

For further details and assistance, students may email:

Pauline Ryland: pauline.ryland@usp.ac.fj
Joycelyn Devi: joycelin.devi@usp.ac.fj

20. EXPECTATIONS OF STUDENTS

20.1 STUDENT RESPONSIBILITIES

Students are expected to:

 Spend enough time on Moodle and other activities required in the course
 Attend all lectures, workshops, team meetings etc. unless hampered by illness in
which case you must inform your course coordinator and team members.

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  Arrange with the team members to work in their own times on the project.
 Maintain proper attire for the laboratory, clothing, shoes etc.
 Facilitate the course coordinator with any proof that he/she was sick and unable to
attend classes or assessment at the earliest possible time to avoid getting a zero
mark for the missed assessment.

21. STUDENT WORKLOAD

TYPE Hour Comments

s
Perusal Readings 36 12 x 3 hours to read and post comments
Tutorial activities 36 12 x 3 hours to read and attempt tutorial questions
Group Assignment 15 15 hours for group assignment
MST 10 2 hours for test and at least 8 hours for revision
Self-Directed learning 36 12 x 3 hours to read and understand journal articles,
review lecture notes, attempt perusal readings and
tutorial questions.
Final Exam 20 3 hours for exam and at least 17 hours for revision
TOTAL 153 Per Week

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