The Role of Reputation in Banking

Published in the Journal of Banking and Finance Law and Practice, Vol. 20, p. 37-50, 2009

UNSW Law Research Paper No. 2009-18

18 Pages Posted: 16 Jun 2009

See all articles by Ross P. Buckley

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law

Justen Nixon

Supreme Court of New South Wales

Date Written: June 1, 2009

Abstract

The law is the dominant framework within which transactions occur. However, another important framework is that of reputation and the need all businesses have to enhance and preserve it. Usually through long experience, legal practitioners become aware of the influence and importance of reputation, and the role that the need for any business to preserve it serves as an enforcement mechanism.

This essay considers the role of the institution of reputation in banking transactions, in particular the role of reputation in documentary credit transactions.

Keywords: Banking and Finance

Suggested Citation

Buckley, Ross P. and Nixon, Justen, The Role of Reputation in Banking (June 1, 2009). Published in the Journal of Banking and Finance Law and Practice, Vol. 20, p. 37-50, 2009 ; UNSW Law Research Paper No. 2009-18. Available at SSRN: https://ssrn.com/abstract=1420390

Ross P. Buckley (Contact Author)

University of New South Wales (UNSW) - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia

Justen Nixon

Supreme Court of New South Wales ( email )

Law Courts Building, Queens Square
184 Phillip Street
Sydney, New South Wales 2000
Australia

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