The horizons of banking and financial law have rapidly expanded in recent years partly because of the innovativeness of bankers and the development of transborder securities and banking transactions. Bankers, lawyers and other practitioners in this field can no longer rely exclusively on standard practitioner texts such as Paget on Banking Law. They have instead to rely either on specialized law journals or law reports. Quite often these journals are infrequent and provide only summaries of cases. Busy practitioners would find reading the lengthy law reports too time consuming. Moreover, the law reports often do not easily give the practitioners a grasp of the overall trend of recent developments. This work seeks to fill this gap by giving in-depth and up-to-date coverage of the latest developments in this area of law. With the abundance of topics in this field, the editor has had to make a judicious choice in the selection of topics. Otherwise, the effectiveness of this work would have been blunted, as detailed analysis would have to be sacrificed to width of coverage. In making his choice, the editor, Loo Choon Chiaw, an English-trained Singapore practising lawyer, has wisely chosen the “problem orientated approach”. The problematic areas often faced by bankers have been identified and the 15 specialist contributors have focused their skills and experience to offer valuable advice on these areas. This approach has produced a finely honed and