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

Author

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  • Wouter Bossu
  • Dawn Chew

Abstract

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.

Suggested Citation

  • Wouter Bossu & Dawn Chew, 2015. "“But we are different!”: 12 Common Weaknesses in Banking Laws, and What to Do About Them," IMF Working Papers 2015/200, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2015/200
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