1
Assistant Professor of Law Faculty of Shahid Beheshti University
2
M.A in Private Law at Electronic Branch of Islamic Azad University
Abstract
A universal bank participates in many kinds of banking activities and is both of commercial bank and an investment bank as well as providing other financial services such as insurance. The development of universal banks arisen from economic crisis or centralization and reducing formalities in financial services industry. These are also called full-service financial firms, although there can also be full-service investment banks which provide wealth and asset management, trading, underwriting, researching as well as financial advisory. A universal bank is a financial service conglomerate combining retail, wholesale and investment banking services under one roof and reaping synergies between them. The notion is that they would benefit from economies of scale in information technology and access to capital to serve companies and retail customers around the world. In Iran, there are many challenges and legal problems in front of development of universal banking. In this paper we are discussing legal aspects of universal banking from a comparative perspective. After all we prepare legal solutions which are consistant with facts and structures of Iranian economy.
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