Flaws in banking laws common across countries, working paper finds

IMF working paper examines weaknesses in banking laws

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International Monetary Fund

Weaknesses in banking laws are generally not country specific, with many common across a range of examples, according to a working paper published by the IMF on September 10.

"But we are different!": 12 Common weaknesses in banking laws, and what to do about them, by Wouter Bossu and Dawn Chew, aims at "complementing the existing financial policy standards with specific legal recommendations for drafters of banking laws." Banking laws are crucial in regulating banks, and therefore need to be

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