Law and Practice of Domestic Banking

This edition of Domestic Banking presents a comprehensive survey of the law of banking as it relates to the banking community today, and is ideal for undergraduate and postgraduate students ofbanking law. The requirements of the Chartered Institute of Bankers# Law Relating to Banking examination have been taken into account. Comprehensive coverage includes: # Payment methods: ranging from traditional methods, such as negotiable instruments and cheques to cards and new technology # Securities and Banks: different types of bank security are considered, including mortgages, company charges and life insurance. Other methods of ensuring payment, such as guarantees and reservation of title clauses are discussed # Insolvency: the implications for banks of the insolvency of customers,both personal and company, are examined, together with an introduction to other regimes - receivership, administration and voluntary arrangements

Supervision of Banking: an analysis of the position in the United Kingdom and the effect of the European legislation on national supervision. Banker and Customer Relationship: an examination of the mandate of the customer to the paying bank, in the context of general principles of contract, and the developing law of the banks' duties of care. The duty of confidentiality is considered at some length and includes discussion of the effects of the money laundering legislation. There is a survey of banks' possible liability in constructive trust, as well as the dynamically developing rights ofrecovery in restitution. This section also includes a discussion of types of account and consideration of the bankers' lien, appropriation and combination of accounts.