The Banking Act refers to a set of laws that regulate the operations of banks and financial institutions. These laws are designed to ensure the stability and integrity of the banking system, protect consumers, and promote fair competition. The act typically outlines the requirements for bank licensing, capital adequacy, and risk management practices. In many countries, the Banking Act also establishes the framework for the supervision and regulation of banks by government authorities, such as the Federal Reserve in the United States or the Prudential Regulation Authority in the United Kingdom. This oversight helps to prevent financial crises and maintain public confidence in the banking system.