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Loan accounts There is a distinct line of authority which indicates that where one of the accounts is a loan account then the bank cannot exercise its rights to combine accounts (Obed Tashabya v DFCU Bank). Most of the authorities relating to this are older cases, [9] but the rule was applied more recently in Fraser v Oystertec plc [2006] 1 ...
Under the Bank of England Act 1998 section 1, the bank's executive body, the "Court of Directors" is "appointed by Her Majesty", which in effect is the prime minister. [7] This includes the Governor of the Bank of England (currently Andrew Bailey ) and up to 14 directors in total (currently there are 12, 9 men and 3 women [ 8 ] ). [ 9 ]
Tournier v National Provincial and Union Bank of England [1924] 1 KB 461 was a landmark legal case in the United Kingdom.The lead decision was given by Bankes LJ.. It established the conditions under which banks owed confidentiality to their clients, allowing four circumstances wherein banks were not required to guard privacy: where compelled by (1) law, (2) public duty, (3) the interest of ...
Bank of England and Financial Services Act 2016: Image title: Author: www.legislation.gov.uk: Software used: FOP 1.0: Conversion program: Apache FOP Version 2.1: Encrypted: no: Page size: 595.276 x 841.89 pts (A4) Version of PDF format: 1.4
The Bank of England Act 1696 (8 & 9 Will. 3. c. 20) The Bank of England Act 1708 (7 Ann. c. 7) The Bank of England Act 1709 (8 Ann. c. 1) The Bank of England Act 1716 (3 Geo. 1. c. 8) The Bank of England Act 1727 (1 Geo. 2. St. 2. c. 8) The Bank of England Act 1728 (2 Geo. 2. c. 3) The Bank of England Act 1741 (15 Geo. 2. c. 13) The Bank of ...
The Banking Act 2009 (c. 1) is an act of the Parliament of the United Kingdom that entered into force in part on the 21 February 2009 in order, amongst other things, to replace the Banking (Special Provisions) Act 2008.
The global framework for banking regulation and supervision, prepared by the Basel Committee on Banking Supervision, makes a distinction between three "pillars", namely regulation (Pillar 1), supervisory discretion (Pillar 2), and market discipline enabled by appropriate disclosure requirements (Pillar 3). [2] Bank licensing, which sets certain ...
A Perspective View of the Bank of England (published 1756): the bank initially occupied a narrow site behind the front on Threadneedle Street. The Bank of England moved to its current location, on the site of Sir John Houblon's house and garden in Threadneedle Street (close by the church of St Christopher le Stocks), in 1734. [52]