Aspects of Banking – Banker’s Duty of Confidentiality in Banker – Customer Relationships

Banks owe their customers and all those who are involved with them in a meaningful relationship a duty of confidentiality that incorporates elements of agency and that of a debtor and creditor. The duty of confidentiality is a legal as well as a moral duty and may be considered in professional or contractual terms, with elements of considerations related to privacy and fundamental human rights.This essay presents a discussion of the banker’s duty of confidentiality and a critical examination of this duty as being the cornerstone of the banker – customer relationship.