“But we are different!” : 12 Common Weaknesses in Banking Laws, and What to Do About Them

Author/Editor:

Wouter Bossu ; Dawn Chew

Publication Date:

September 10, 2015

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Well-designed banking laws are critical for regulating the market access and operations of banks, as well as their removal from the market in case of failure. While at a financial policy level there is a broad consensus as to the content of banking laws, from a legal perspective their drafting often leaves something to be desired. In spite of what is often argued, the types of weaknesses of banking laws are hardly country-specific; many weaknesses are shared by many banking laws. This working paper discusses those weaknesses and ways to remedy them, by focusing on a selected set of legal policy principles.

Series:

Working Paper No. 15/200

Subject:

English

Publication Date:

September 10, 2015

ISBN/ISSN:

9781513586458/1018-5941

Stock No:

WPIEA2015200

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

44

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