Legal responsibility of banks in the field of banking services

Introduction

Banks play a pivotal role in the modern financial system, acting as intermediaries between depositors and borrowers, facilitating transactions, and providing a range of financial services. However, with this immense power comes significant legal responsibilities. Banks must adhere to strict regulatory requirements and ethical standards to protect the interests of their customers and maintain the integrity of the financial system. This comprehensive training course delves into the intricate world of legal liability in banking, equipping you with the knowledge and understanding necessary to navigate this complex legal landscape effectively.

Objectives

1. Gain a thorough understanding of the legal framework governing banking services, including relevant statutes, regulations, and case law.
2. Master the principles of contractual liability, tort liability, and fiduciary liability as they apply to banking operations.
3. Explore the specific legal responsibilities of banks in areas such as consumer protection, lending practices, payment systems, and data privacy.
4. Develop the skills necessary to identify, assess, and mitigate potential legal risks faced by banks.
5. Learn how to effectively manage legal compliance within a banking institution, ensuring adherence to regulatory requirements and ethical standards.
6. Acquire the knowledge of emerging legal issues in the banking sector, such as cybersecurity threats, blockchain technology, and open banking initiatives.