CAIB 209 - Law and Banking Principles (3)

Every part of the banking process, from taking deposits and making loans to operating safe deposit boxes and offering trust services, is governed by laws for the purpose of protecting consumers to maintaining the safety and soundness of the bank. Knowing the basics of banking law will enable every banker to grasp the requirements of his or her job and perform it with more understanding. This course is a guide to legal and regulatory issues, with special emphasis on the Uniform Commercial Code.