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This text addresses the legal issues thrown up by modern banking law. It sets out the legal rules within the context of modern banking practice and concentrates on principle rather than detail. The author also addresses many of the problems with which banking law has struggled on a daily basis. Professor Cranston places banking law in a modern financial framework examining multi-functional banking, the foreign exchange and derivative markets, the practice of netting, and the important custodial services performed by banks.
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Ross Cranston, Cassel Professor of Commercial Law, London School of Economics and Political Science.Review:
The scope of the book includes examination of the institutional structure of banking, patterns of regulation of banking activity (covering rationales for regulation the industry and also available techniques of regulation) and central banks. Stephen Weatherill, Journal of Consumer Policy, 22: 375-392, 1999
This book examines the legal principles relevant to the broad sweep of modern banking activities with special reference to the United Kingdom, albeit with additional consideration of the impact of EC and international legal requirements./Journal of Consumer Policy 22: 375-392, 1999.
"Thorough analysis of the subject area; extensive coverage combined with detailed examination. Although the writing is not particularly clear, I would still recommend it as the best banking law text", Lee Roach, University of Cardiff
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