The Bank's Fiduciary Duty: An Israeli-Canadian Comparison
22(1) Banking and Finance Law Review 1 (2006)
22 Pages Posted: 21 Apr 2014
Date Written: October 2006
A deep-seated rule in Israeli law is that the bank owes a fiduciary duty to its customers. The concept of imposing a fiduciary duty on banks is not originally an Israeli one. The Israeli courts adopted it from British law. However, from the moment that it was introduced in Israel, the courts expanded it far beyond its original British counterpart. The article reviews the special characteristics of the bank's fiduciary duty in Israeli law, while comparing it to the Anglo-Canadian duty.
Keywords: bank'customer relationship, fiduciary duty, Israeli banking law, Canadian banking law
JEL Classification: K12, K19, K29, K39, K23, N20
Suggested Citation: Suggested Citation