Open AccessINTERMEDIARY ACTIVITIES OF A BANK: LEGAL ISSUES
Author(s) -
Е.Б. Лаутс
Publication year - 2021
Publication title -
bankovskoe pravo
Language(s) - English
Resource type - Journals
ISSN - 1812-3945
DOI - 10.18572/1812-3945-2021-1-17-25
Subject(s) - agency (philosophy) , business , database transaction , bank account , intermediary , financial transaction , financial services , accounting , finance , public relations , financial system , political science , computer science , payment , sociology , social science , programming language
The article analyzes the areas of intermediary activity of banks. The article examines the issue of whether banks can conclude Agency agreements, including those related to prohibited types of business activities. The author characterizes various types of Agency agreements that can be concluded by a Bank and the risks that arise in this regard, focusing on the recognition of a transaction made under the a significant misconception as invalid. It also analyzes ways to minimize the risks of banks and clients when providing various financial services to the client by the agent Bank.