Banks, Consumers and Regulation - Softcover

Cartwright, Peter

Softcover

ISBN 10: 184113483X ISBN 13: 9781841134833

Publisher: Hart Publishing, 2004

Synopsis

Recent developments in law, public policy, and regulation have ensured that questions regarding the relationship between banks and their customers have seldom been out of the spotlight. This important book provides a timely, original, and critical examination of the role of the law in regulating banks in the interests of the consumer. The work examines the social and economic rationales for, and the objectives of, banking regulation. In so doing, it focuses on the crucial role of regulation in the protection of the consumer. The book then provides a critical appraisal of the principal techniques by which regulation is delivered and protection ensured. Such techniques include prior approval by licensing, continued supervision, and information remedies such as disclosure. The work also looks at how the law protects depositors of insolvent banks through financial compensation schemes, and how it provides consumer redress through mechanisms for ensuring access to justice, in particular ombudsmen. Finally, the book looks at the topical question of consumer access to banking services, and considers the extent to which the law can justify placing social obligations on banks in the consumer interest. This is the first monograph to examine these important topics in this way.

About this title

From the Author:

Peter Cartwright is a Professor of Consumer Protection Law at the University of Nottingham.

Review:

...this book provides a thoroughly accessible, informative and, in my opinion, indispensable resource. Professor Jenny Hamilton, Strathclyde University Journal of Financial Regulation and Compliance, Vol. 13, No. 4 2005

About this edition

• Publisher: Hart Publishing
• Publication date: 2004
• ISBN 10: 184113483X
• ISBN 13: 9781841134833
• Binding: Paperback
• Number of pages: 224