Osaro Eghobamien, SAN
Introduction
Banking regulations may seem like distant concerns for lawyers, but their real-world effects extend far beyond the financial sector alone. These regulations influence whether businesses can access credit, how infrastructure is financed, and how resilient our economy is during times of stress. Recently, it has become increasingly clear that some of the challenges in our financial system are not purely financial; they are legal. Certain regulatory practices are being distorted – not necessarily because banks are mismanaging risk, but because the legal system has not evolved to support the demands of a modern economy. Read more…