Book description
The 5th edition of this well-established text has been completely rewritten.
Chapters 1 - 9 of the text are entirely new and outline in depth the radical
changes effected by the government's implementation of the recent Wallis
Financial System Inquiry. The updated text also outlines the new regulatory
institutions established to control financial institutions, such as the
Australian Prudential Regulation Authority (APRA). Equally important, the new
text deals with the radical changes made to Australia's payment, clearance and
settlement systems such as the establishment of the Payments System Board and
the introduction by the Reserve Bank of the Real Time Gross Settlement (RTGS)
system. Apart from outlining the developments in electronic commerce and
electronic and internet banking, this new edition also has an entirely new
chapter on the public image of banks and examines consumer issues and the social
obligations of banks to the community as a whole. [Publisher's website]
About the author
Associate Professor Wickrema (Wicky) Weerasooria is the Director of the
Banking Law centre in the Faculty of Law at Monash University. His
research interests include contract law, tort law, banking finance and credit
law
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