Banking and Lending Practice

The book "Banking and Lending Practice" by Prudence Meredith Weaver is a comprehensive guide to the principles and practices of banking and lending. Here is a detailed overview of the book:

Key Themes

1. Banking Law Basics: The book covers the fundamental concepts of banking law, including relevant regulations, the banker-customer relationship, and the duty of confidentiality.
2. Banking Practice: It delves into various aspects of banking practice such as common types of accounts, consumer banking, electronic banking, and corporate banking.
3. Lending Principles: The book explains the principles of lending, including the process of taking security and dealing with negotiable instruments.
4. Regulatory Updates: It addresses recent changes in the regulatory landscape, including updates on the Wallis Committee recommendations, Australian Financial Services licences, Australian Credit licences, new versions of the Code of Banking Practice, and the ePayments Code.

Plot Summary

The book is structured to provide a working knowledge of the principles of banking and an understanding of current issues. It is designed for various audiences, including law students, practitioners seeking an introductory text to banking law, bankers undertaking internal or external legal training courses, financial institution customers, and regulators and dispute resolution bodies running training courses on banking and lending services.

Critical Reception

While specific reviews are not provided in the search results, the book's purpose and content suggest it is well-regarded for its comprehensive coverage of banking and lending practices. The fact that it has been updated to reflect recent regulatory changes indicates its relevance and authority in the field.

Editions

The book has been published in multiple editions, with the 5th edition being the most recent. The earlier editions include:

• 2nd Edition: Published in 1987 by Serendip Publications.
• 4th Edition: Published in 2001 by Lawbook Co..

Publisher

The 5th edition is published by Thomson Reuters (Professional) Australia Limited.

Target Audience

The book is ideal for:

• Law students undertaking legal and financial subjects.
• Practitioners seeking an introductory text to banking law and its application to common financial products and services.
• Bankers undertaking internal or external legal training courses.
• Financial institution customers seeking an introductory text on banking and lending products and services.
• Regulators and dispute resolution bodies running training courses on banking and lending services.

Overall, "Banking and Lending Practice" by Prudence Meredith Weaver is a valuable resource for anyone looking to understand the intricacies of banking and lending practices, particularly in the context of Australian law.