Michael Magnusson was born and raised in Sweden but has lived most of his adult life “offshore” in various countries throughout the world. He retired from the offshore company formation industry in 2013 after having established more than 1000 financial entities in various jurisdictions for clients on every continent except Antarctica. Magnusson focused on the formation and registration of Banks, Finance Companies, Hedge Funds and Trust Companies as well as the development and implementation of the IT systems and clearing platforms required for such entities to become operational. Magnusson remains active in the offshore industry as an Author, Chairman of a Trust Company, Consultant and Investor with focus on the banking technology sector.
This regulatory framework has a deep impact on banks, bankers, and anyone that deals with them, which is the overwhelming majority of society. This high level of impact makes Banking Law and Practice an important book as well as a necessary and authoritative reference for industry professionals, students, and the public at large.
Banking Law and Practice discusses a range of topics that have a direct bearing on the day-to-day operations of banks, from contracts to how to ensure safe and secure lending. It examines the development and current state of banking legislation and regulation and facilitates bankers and their institutions to shape their practice to meet all the necessary legal and regulatory requirements.
Students, industry professionals, and the public at large will welcome the thorough and clear explanations of the legal and regulatory framework in which banks operate. This book is essential reading for candidates studying for the HKIB Associateship Examination and anyone else seeking expert knowledge of the legal and regulatory structure affecting banks in Hong Kong.
Topics covered in this book include:Contractual Relationships Code of Banking Practice Money Laundering Negotiable Instruments Law Related to Securities Bankruptcy and Insolvency