Reform of Banking Laws and Regulations in Iran

Ardeshir Atai Ahari

doi:10.1163/9789004390560

Reform of Banking Laws and Regulations in Iran

Ardeshir Atai Ahari

Hertfordshire Law School

Research output: Contribution to journal › Article › peer-review

Abstract

The author critically examines the regulation of banking and money markets in Iran in post 1979 Revolution. The research provides an overview of regulatory framework governing establishment and operation of private banks following the privatisation programmes that was initiated by the government during the Fourth Economic Development Plan. The author examines the scope of supervisory powers of Central Bank of Iran (CBI) in relation to organisation of the financial and credit institutions, financial stability, market discipline, and regulation of financial crimes such as implementation of the anti-money laundering (AML) measures. The author examines the scope of islamic financial agreements that was adopted by the banks following the Revolution and approval of new Constitution in 1979 based on Sharia law.

Original language	English
Pages (from-to)	1-110
Journal	Brill Research Perspectives in International Banking and Securities Law
Volume	3:4
DOIs	https://doi.org/10.1163/9789004390560
Publication status	Published - 1 Apr 2021

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10.1163/9789004390560

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