“But we are different!”: 12 Common Weaknesses in Banking Laws, and What to Do About Them
Electronic Access:
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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. 2015/200
Subject:
Bank legislation Bank licensing Banking Basel Core Principles Consolidated banking supervision Financial regulation and supervision Legal support in revenue administration Revenue administration
English
Publication Date:
September 10, 2015
ISBN/ISSN:
9781513586458/1018-5941
Stock No:
WPIEA2015200
Pages:
44
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