The first canon of ethical banking states that ‘a bank and a customer will conform to a pattern of behaviour that is within the law’. Like the other canons this may appear self-evident, were it not for the fact that there are frequent occasions when banks and customers are seen to break the law. Recent years have seen a spate of new laws ranging from the Financial Services Act of the mid-1980s to the impending Banking Services Act in the early 1990s.
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