Banking law aims to protect depositors' funds, regulate lending practices, and promote financial stability, among other objectives.

In common law jurisdictions, statutes enacted by legislative bodies are the primary source of banking law.

The Bank for International Settlements (BIS) is a key player in shaping global banking standards and promoting cooperation among central banks.

Bank secrecy laws aim to protect the privacy of bank customers and their financial information.

The legal principle of setoff allows banks to set off debts owed to them against deposits held by their customers.

Bank capital requirements aim to ensure that banks have sufficient funds to cover potential losses and maintain financial stability.

The legal doctrine of strict liability imposes strict liability on banks for forged checks, regardless of whether the bank was negligent.

A letter of credit serves multiple purposes in international trade, including guaranteeing payment to the seller, providing financing to the buyer, and facilitating the movement of goods across borders.

The Uniform Customs and Practice for Documentary Credits (UCP) is the primary international convention governing the rights and obligations of parties involved in international credit transfers.

A reserve requirement is a monetary policy tool used by central banks to control the money supply and influence economic conditions.

The legal principle of Pacta Sunt Servanda allows banks to collect interest on loans, as agreed upon in the loan contract.

A clearinghouse in the banking system serves multiple purposes, including facilitating the exchange of checks and other payment instruments, providing liquidity to banks, and managing risk in the financial system.

The Bank for International Settlements (BIS) is responsible for promoting financial stability and cooperation among central banks.

A central bank's primary purposes include regulating commercial banks, issuing currency, and managing the money supply.

The legal principle of Quantum Meruit allows banks to charge fees for their services based on the value of the services provided.