ABSTRACT
There are many facets to banking law. Banks perform a wide range of services, and in relation to ever more sophisticated types of financial instrument. The days are long gone when a bank merely took deposits and lent money, opening its doors in the late morning, and closing in the middle of the afternoon. Nowadays, a bank will offer-in some instances on a 24-hour basis through electronic banking media-such additional services as stock broking, securities custody, acting as insurance intermediary, small business adviser, and, depending on the sophistication and business needs of the customer, dealings in foreign exchange and financial derivatives. Accordingly, a bank increasingly no longer only acts as debtor and creditor and agent merely with regard to effecting and receipt of payments; it also acts as adviser, custodian, and other types of fiduciary agent.
