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Part D The Bank as Service Provider, 25 Sources of Bank Liability

From: The Law and Practice of International Banking (2nd Edition)

Charles Proctor

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2022. All Rights Reserved.date: 05 December 2022

Regulation of banks — Credit — Swaps

This chapter considers sources of bank liability. It examines claims which may be made against banks as a result of loans made to corporate customers, especially where the bank has to intervene in some way to protect its interests in a facility that is becoming impaired. It also looks at the position of banks as sellers of sophisticated and complex products, such as collateralized debt obligations, credit default swaps, and similar instruments. By their very nature, these instruments will be sold to larger corporate customers with considerable financial resources.

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