{"product_id":"banking-law-and-practice-isbn-9780470827611","title":"Banking Law and Practice","description":"\u003cp\u003eA solid understanding of how banks operate is crucial to grasp the functioning of modern society. Banks are an intrinsic part of business, finance, and everyday life. Modern banking is regulated by a sophisticated set of laws and regulations that are constantly evolving. \u003ci\u003eBanking Law and Practice\u003c\/i\u003e from the \u003cb\u003eHong Kong Institute of Bankers\u003c\/b\u003e outlines and explains these laws and regulations clearly and in detail.\u003c\/p\u003e \u003cp\u003eThis regulatory framework has a deep impact on banks, bankers, and anyone that deals with them, which is the overwhelming majority of society. This high level of impact makes \u003ci\u003eBanking Law and Practice\u003c\/i\u003e an important book as well as a necessary and authoritative reference for industry professionals, students, and the public at large.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eBanking Law and Practice\u003c\/i\u003e discusses a range of topics that have a direct bearing on the day-to-day operations of banks, from contracts to how to ensure safe and secure lending. It examines the development and current state of banking legislation and regulation and facilitates bankers and their institutions to shape their practice to meet all the necessary legal and regulatory requirements.\u003c\/p\u003e \u003cp\u003eStudents, industry professionals, and the public at large will welcome the thorough and clear explanations of the legal and regulatory framework in which banks operate. This book is essential reading for candidates studying for the \u003cb\u003eHKIB Associateship Examination\u003c\/b\u003e and anyone else seeking expert knowledge of the legal and regulatory structure affecting banks in Hong Kong.\u003c\/p\u003e \u003cp\u003eTopics covered in this book include:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eContractual Relationships\u003c\/li\u003e \u003cli\u003eCode of Banking Practice\u003c\/li\u003e \u003cli\u003eMoney Laundering\u003c\/li\u003e \u003cli\u003eNegotiable Instruments\u003c\/li\u003e \u003cli\u003eLaw Related to Securities\u003c\/li\u003e \u003cli\u003eBankruptcy and Insolvency\u003c\/li\u003e \u003c\/ul\u003e  \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART 1 BANK-CUSTOMER RELATIONSHIP AND ACCOUNT OPENING 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 Contractual Relationships in Law and Practice 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 3\u003c\/p\u003e \u003cp\u003eIntroduction 4\u003c\/p\u003e \u003cp\u003eDefinition of ‘Customer’ 4\u003c\/p\u003e \u003cp\u003eNature of the Banker-Customer Relationship 5\u003c\/p\u003e \u003cp\u003eLaws and Practice 7\u003c\/p\u003e \u003cp\u003eMandates 9\u003c\/p\u003e \u003cp\u003ePower of Attorney 11\u003c\/p\u003e \u003cp\u003eLimitation of Actions 14\u003c\/p\u003e \u003cp\u003eAppropriation of Payments 15\u003c\/p\u003e \u003cp\u003eSet-off 17\u003c\/p\u003e \u003cp\u003eBanker’s Lien 20\u003c\/p\u003e \u003cp\u003eBanker’s Duty of Secrecy 21\u003c\/p\u003e \u003cp\u003ePersonal Data and Consumer Credit Data 28\u003c\/p\u003e \u003cp\u003eStatement of Account or Passbook 33\u003c\/p\u003e \u003cp\u003eWrongful Dishonour of Cheques 34\u003c\/p\u003e \u003cp\u003eExemption Clauses 36\u003c\/p\u003e \u003cp\u003eSummary 37\u003c\/p\u003e \u003cp\u003eKey Terms 38\u003c\/p\u003e \u003cp\u003eStudy Guide 39\u003c\/p\u003e \u003cp\u003eFurther Reading 39\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Opening and Conduct of Accounts 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 41\u003c\/p\u003e \u003cp\u003eIntroduction 42\u003c\/p\u003e \u003cp\u003eOpening of an Account 42\u003c\/p\u003e \u003cp\u003eConduct of Account 44\u003c\/p\u003e \u003cp\u003eClosing of Account 51\u003c\/p\u003e \u003cp\u003eOpening and Conduct of Accounts for Various Customers 52\u003c\/p\u003e \u003cp\u003eDefi nition of Different Types of Authorities 82\u003c\/p\u003e \u003cp\u003eAnti-Money Laundering and Counter-Terrorist Financing 85\u003c\/p\u003e \u003cp\u003eSummary 98\u003c\/p\u003e \u003cp\u003eKey Terms 99\u003c\/p\u003e \u003cp\u003eStudy Guide 100\u003c\/p\u003e \u003cp\u003eFurther Reading 100\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART 2 BANKING OPERATIONS 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Bills of Exchange and Promissory Notes 103\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 103\u003c\/p\u003e \u003cp\u003eIntroduction 104\u003c\/p\u003e \u003cp\u003eNegotiable Instruments 104\u003c\/p\u003e \u003cp\u003eBills of Exchange 107\u003c\/p\u003e \u003cp\u003ePromissory Notes 124\u003c\/p\u003e \u003cp\u003eSummary 127\u003c\/p\u003e \u003cp\u003eKey Terms 128\u003c\/p\u003e \u003cp\u003eStudy Guide 128\u003c\/p\u003e \u003cp\u003eFurther Reading 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Other Banking Operations 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 131\u003c\/p\u003e \u003cp\u003eIntroduction 132\u003c\/p\u003e \u003cp\u003eCredit Cards 132\u003c\/p\u003e \u003cp\u003eDirect Debiting 138\u003c\/p\u003e \u003cp\u003eAutomated Teller Machines 141\u003c\/p\u003e \u003cp\u003eElectronic Funds Transfer at the Point of Sale 143\u003c\/p\u003e \u003cp\u003eInvestment Advice 144\u003c\/p\u003e \u003cp\u003eSafe Custody 146\u003c\/p\u003e \u003cp\u003eOther Banking Services 150\u003c\/p\u003e \u003cp\u003eInternet and Phone Banking 152\u003c\/p\u003e \u003cp\u003eSummary 154\u003c\/p\u003e \u003cp\u003eKey Terms 156\u003c\/p\u003e \u003cp\u003eStudy Guide 156\u003c\/p\u003e \u003cp\u003eFurther Reading 157\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART 3 LAW RELATING TO SECURITY 159\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Guarantee 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 161\u003c\/p\u003e \u003cp\u003eIntroduction 162\u003c\/p\u003e \u003cp\u003eWhat is a Guarantee? 162\u003c\/p\u003e \u003cp\u003eUndue Infl uence 165\u003c\/p\u003e \u003cp\u003eGuarantees by Minors 166\u003c\/p\u003e \u003cp\u003eGuarantees by Partnerships 167\u003c\/p\u003e \u003cp\u003eCorporate Guarantees 168\u003c\/p\u003e \u003cp\u003eJoint and Several Guarantees 168\u003c\/p\u003e \u003cp\u003eLiability of Guarantors 170\u003c\/p\u003e \u003cp\u003eGuarantor’s Rights as Against the Creditor 172\u003c\/p\u003e \u003cp\u003eGuarantor’s Rights as Against the Debtor 173\u003c\/p\u003e \u003cp\u003eRights of Co-Guarantors 174\u003c\/p\u003e \u003cp\u003eDuties of the Creditor Bank 175\u003c\/p\u003e \u003cp\u003eDischarge of the Guarantor 176\u003c\/p\u003e \u003cp\u003eSummary 180\u003c\/p\u003e \u003cp\u003eKey Terms 181\u003c\/p\u003e \u003cp\u003eStudy Guide 182\u003c\/p\u003e \u003cp\u003eFurther Reading 182\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Mortgage of Land 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 183\u003c\/p\u003e \u003cp\u003eIntroduction 184\u003c\/p\u003e \u003cp\u003eLand in Hong Kong 184\u003c\/p\u003e \u003cp\u003eMortgages 187\u003c\/p\u003e \u003cp\u003ePriorities 192\u003c\/p\u003e \u003cp\u003eRights of Mortgagee\/Chargee 195\u003c\/p\u003e \u003cp\u003eRights of Mortgagors\/Chargors 201\u003c\/p\u003e \u003cp\u003eDischarge 205\u003c\/p\u003e \u003cp\u003eSummary 205\u003c\/p\u003e \u003cp\u003eKey Terms 206\u003c\/p\u003e \u003cp\u003eStudy Guide 207\u003c\/p\u003e \u003cp\u003eFurther Reading 207\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Other Security Interests 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 209\u003c\/p\u003e \u003cp\u003eIntroduction 210\u003c\/p\u003e \u003cp\u003eCompany Charge 210\u003c\/p\u003e \u003cp\u003ePledge 218\u003c\/p\u003e \u003cp\u003eHypothecation 222\u003c\/p\u003e \u003cp\u003eCompany Shares 224\u003c\/p\u003e \u003cp\u003eInsurance Policies 229\u003c\/p\u003e \u003cp\u003eBankers’ Lien 235\u003c\/p\u003e \u003cp\u003eSummary 236\u003c\/p\u003e \u003cp\u003eKey Terms 237\u003c\/p\u003e \u003cp\u003eStudy Guide 237\u003c\/p\u003e \u003cp\u003eFurther Reading 238\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART 4 INSOLVENCY 239\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Bankruptcy 241\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 241\u003c\/p\u003e \u003cp\u003eIntroduction 242\u003c\/p\u003e \u003cp\u003eBankruptcy 242\u003c\/p\u003e \u003cp\u003eBankruptcy Order 244\u003c\/p\u003e \u003cp\u003eDischarge From Bankruptcy 248\u003c\/p\u003e \u003cp\u003eVoluntary Arrangements 248\u003c\/p\u003e \u003cp\u003eLegal Issues for the Banker 250\u003c\/p\u003e \u003cp\u003eSummary 254\u003c\/p\u003e \u003cp\u003eKey Terms 256\u003c\/p\u003e \u003cp\u003eStudy Guide 256\u003c\/p\u003e \u003cp\u003eFurther Reading 256\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Winding Up 257\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 257\u003c\/p\u003e \u003cp\u003eIntroduction 258\u003c\/p\u003e \u003cp\u003eWinding Up 258\u003c\/p\u003e \u003cp\u003eCompulsory Winding Up 259\u003c\/p\u003e \u003cp\u003eVoluntary Winding Up 262\u003c\/p\u003e \u003cp\u003ePetition for Winding Up 265\u003c\/p\u003e \u003cp\u003eThe Liquidator 265\u003c\/p\u003e \u003cp\u003eUnregistered Companies 271\u003c\/p\u003e \u003cp\u003eAssets Available for Distribution 271\u003c\/p\u003e \u003cp\u003eRanking of Claims 274\u003c\/p\u003e \u003cp\u003eAntecedent Transactions 276\u003c\/p\u003e \u003cp\u003eLegal Issues for the Banker 278\u003c\/p\u003e \u003cp\u003eSummary 282\u003c\/p\u003e \u003cp\u003eKey Terms 283\u003c\/p\u003e \u003cp\u003eStudy Guide 283\u003c\/p\u003e \u003cp\u003eFurther Reading 284\u003c\/p\u003e \u003cp\u003eIndex 285\u003c\/p\u003e  \u003cp\u003eChina Construction Bank (Asia) Corporation Limited [\"CCB (Asia)\"] is honored to sponsor the publishing of \u003ci\u003eBanking Law and Practice\u003c\/i\u003e by the HKIB. CCB (Asia) is a wholly owned subsidiary of China Construction Bank Corporation [\"CCB\"], the world's second largest listed bank by market capitalization as of December 31, 2011. CCB (Asia) offers consumer, retail, commercial, and private banking with an extensive range of professional services for customers.\u003c\/p\u003e  \u003cp\u003eA solid understanding of how banks operate is crucial to grasp the functioning of modern society. Banks are an intrinsic part of business, finance, and everyday life. Modern banking is regulated by a sophisticated set of laws and regulations that are constantly evolving. \u003ci\u003eBanking Law and Practice\u003c\/i\u003e from the \u003cb\u003eHong Kong Institute of Bankers\u003c\/b\u003e outlines and explains these laws and regulations clearly and in detail.\u003c\/p\u003e \u003cp\u003eThis regulatory framework has a deep impact on banks, bankers, and anyone that deals with them, which is the overwhelming majority of society. This high level of impact makes \u003ci\u003eBanking Law and Practice\u003c\/i\u003e an important book as well as a necessary and authoritative reference for industry professionals, students, and the public at large.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eBanking Law and Practice\u003c\/i\u003e discusses a range of topics that have a direct bearing on the day-to-day operations of banks, from contracts to how to ensure safe and secure lending. It examines the development and current state of banking legislation and regulation and facilitates bankers and their institutions to shape their practice to meet all the necessary legal and regulatory requirements.\u003c\/p\u003e \u003cp\u003eStudents, industry professionals, and the public at large will welcome the thorough and clear explanations of the legal and regulatory framework in which banks operate. This book is essential reading for candidates studying for the \u003cb\u003eHKIB Associateship Examination\u003c\/b\u003e and anyone else seeking expert knowledge of the legal and regulatory structure affecting banks in Hong Kong.\u003c\/p\u003e \u003cp\u003eTopics covered in this book include:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eContractual Relationships\u003c\/li\u003e \u003cli\u003eCode of Banking Practice\u003c\/li\u003e \u003cli\u003eMoney Laundering\u003c\/li\u003e \u003cli\u003eNegotiable Instruments\u003c\/li\u003e \u003cli\u003eLaw Related to Securities\u003c\/li\u003e \u003cli\u003eBankruptcy and Insolvency\u003c\/li\u003e \u003c\/ul\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988787708133,"sku":"NP9780470827611","price":63.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470827611.jpg?v=1761781590","url":"https:\/\/k12savings.com\/es\/products\/banking-law-and-practice-isbn-9780470827611","provider":"K12savings","version":"1.0","type":"link"}