The Master en Droit Bancaire et Financier Européen (LL.M.) is one of the premier programs in this field offered in continental Europe. The investment funds law option in the second semester of the second year is a legal qualification unique in Europe.
The Master focuses on the study of three essential pillars – banking law, securities, and capital markets law, and investment funds law – or Collective Investment Schemes (CIS) law – in the framework of European Union law, Luxembourg law, and comparative law.
The teaching team includes academics and renowned practitioners, specialized in banking and financial law.
Making use of modern and interactive teaching methods, blending individual study and teamwork, the program combines the acquisition of basic concepts in the first semester and their practical application in the second semester through case-based learning developed by practitioners.
5 reasons to specialize in Banking and Financial Law at the University of Luxembourg:
- Acquire high-level expertise in banking and financial law, as well as in European law, Luxembourg law and comparative law.
- Specialize in the growing field of investment funds law.
- At the end of the program, you will be prepared to make the link between theory and practice and enter the professional world.
- The bilingual program (taught in French and English) offers a competitive advantage on the job market.
- Find an interesting internship or a job in the field of banking and financial law or investment fund law after graduating.
Graduates from the Master en Droit Bancaire et Financier Européen can pursue employment in the legal careers in the banking and financial sector (banks, financial service providers, regulatory bodies, etc.), the insurance sector or the fund industry. They can also find employment in law firms, European banking, and financial institutions or national administrations.
The Master en Droit Bancaire et Financier Européen also allows students fulfilling the required conditions to continue their studies at a Ph.D. level.
Structure of studies
The “Master en Droit Bancaire et Financier Européen” builds on a joint first year (M1) of all six LL.M. specializations offered by the Faculty of Law, Economics, and Finance, offering the necessary foundations to pursue the program. Module 3 in the first semester of this joint first year includes an obligatory course on European banking and financial law. Module 6 in the second semester of the M1 offers an obligatory seminar on European investment funds law.
The second year (M2) of the “Master in Droit Bancaire et Financier Européen” constitutes a program dedicated to banking and financial law based on three pillars – banking law, securities, and capital markets law, and investment funds law (Collective Investment Schemes – CIS). The first semester of the M2 is designed as a common core to allow all students to acquire and master the basics of these three pillars. In the second semester, the Master splits into two tracks. The general track deepens knowledge of the three pillars with an emphasis on Luxembourg law and comparative banking and financial law. The Collective Investment Schemes track offers students a specialisation in this area through in-depth study of Luxembourg investment funds law and different types of investment funds (UCITS and AIF) as well as certain specific aspects (taxation, criminal law, rules of conduct, etc.) while also providing insights into comparative investment funds law and portfolio management.
The first semester program is dedicated to learning the basics of European banking and financial law. The second semester is dedicated to seminars and case-based learning. Since 2012, students can choose, upon agreement of the direction of the program, to follow in the second semester an "Investment funds" track.
A selected number of students, upon availability, can take part free of charge in the high level "Islamic Finance Seminar" which takes place usually in March.
The program can be followed in one year or, upon agreement and for a limited number of participants, on a part-time basis.
Part-time program – two years of study
Students have the possibility to follow the Master en Droit Bancaire et Financier on a part-time option. Please see below the structure of the program to be followed in the first year of part-time study, designed to ensure the pedagogical progression of the courses, including the elective course chosen by students in the summer semester.
In order to ensure the coherence of the program and the organization of studies, students cannot compose their own schedule of courses. Students need to attend all seminars in any given course.
Banking and European Financial Law: Internship
The Master in European Law - European Banking and Financial Law - does not comprise a mandatory placement.
Students may complete a placement on their own initiative with the aim of complementing their university education with professional experience. This will be categorized as a voluntary placement.