Definition: [ˈbæŋkɪŋ ənd ˈfaɪnæns lɔː] is an aggregate of civil legislation rules governing commodity-money relations that are formed when banks or other commercial institutions perform their activities. The mentioned field consists of a significant set of normative acts of various hierarchical levels. It includes constitutional norms, principles of criminal, civil and administrative codes. The limits of the banks’ competence are established by federal acts. At the same time, the subject of legal regulation is an activity of either pool itself or their clients.
Banking and finance law in a sentences:
- Every company that cares about its reputation must comply with banking and finance law.
- The correctness and security of the bargain depend on its compliance with banking and finance law.
Synonyms and related words: commercial law, funding law, investment legislation