Banking Act
/ˈbæŋkɪŋ ækt/
Definitions
- (n.) A statute that regulates banking operations, financial institutions, and monetary policy within a jurisdiction.
The Banking Act sets forth the requirements for bank licensing and supervision.
Forms
- banking act
- banking acts
Related terms
See also
Commentary
The term generally refers to primary legislation governing banking; it may vary in scope and name depending on the jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.