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

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.
Publication date: September 2015
ISBN: 9781513586458
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Economics- Macroeconomics , Economics / General , International - Economics , Banking Regulation , Policy Analysis

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