Reform of Banking Laws and Regulations in Iran

Erscheinungsjahr 2021
ISBN: 978-90-04-39055-3
Verlag: Brill

Buch, Englisch, Band 3.4, 110 Seiten, Format (B × H): 155 mm x 231 mm, Gewicht: 181 g

Reihe: Brill Research Perspectives in International Law / Brill Research Perspectives in International Banking and Securities Law

Since the 1979 Islamic Revolution, Iran has implemented Sharia-compliant banking and finance which makes it one of the few countries that has adopted Islamic banking. The post-war liberalization and privatization of the economy and subsequent deregulation had paved the ground for emergence of private banks and financial institutions which had been subject to strict government control and ownership of banks. Further reform of the banking sector included authorization for the establishment and operations of foreign-owned banks in Iran and ratification of international treaties for the reciprocal protection and promotion of capital investments. The most recent government reform plan concerning adoption of a comprehensive banking law aims to create a single regulator for the prudential regulation and supervision of banks and financial institutions. The implementation of the aforesaid banking reform will be instrumental for achieving a sound and safe banking system and restoring investor confidence in the Iranian banking and money markets.

Autoren/Hrsg.

Atai, Ardeshir

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Asien (inkl. Türkei und Naher Osten)

Inhaltsverzeichnis

Reform of Banking Laws and Regulations in Iran

Ardeshir Atai

Abstract

Keywords

Introduction

1 Reforming Legal Systems for Economic Development

2 A Rule-Based Legal System for Banking and Money Markets

3 Banking and Monetary Policy in Post-revolution Iran – the Constitution

4 Law of Usury (interest) Free Banking Operations 1983 – Islamic Banking

5 Monetary and Banking Law of Iran 1972 – the Central Bank

6 Refinement of the Statutory Regime

7 Admission and Establishment of Private and Foreign Banks in Free Trade Zones

8 Authorization for Establishment of Non-government Bank

9 Establishment and Operation of Foreign Banks

10 Reform of Banking Regulations

Conclusion

Über Autor(innen)

Ardeshir Atai, Ph.D. (2011), University of London’s Institute of Advanced Legal Studies (IALS), is a lecturer in LLM International Economic Law at ATU. He is partner at Atai & Associates Law Firm. He has published articles on international investment and arbitration including Bilateral Investment Treaties: Substantive Principles and Standards (Journal of World Trade and Investment, 2013).