Depositor Preference and Deposit Insurance Schemes — Challenges for Regulatory Convergence and Regulatory Coordination in Asia

Law and Financial Markets Review, Vol. 12, No. 2, pp. 71-85, 2018

33 Pages Posted: 7 Aug 2018

See all articles by Angus Chan

Angus Chan

Melbourne Law School

Andrew Godwin

Melbourne Law School

Ian Ramsay

Melbourne Law School - University of Melbourne

Date Written: July 19, 2018

Abstract

This article examines the main challenges for achieving regulatory convergence and coordination for depositor preference rules and explicit deposit insurance schemes at the regional level in Asia. The increasing regionalisation and integration of banking activities in Asia, as reflected in initiatives such as the ASEAN Banking Integration Framework, suggest a need for co-operation in the area of depositor protection in order to maximise the benefits of banking integration and achieve regional financial stability. However, the level of integration and financial stability is likely to be limited by national regulatory sovereignty and control over depositor protection mechanisms and the absence of a political commitment for ex ante cost-sharing and burden-sharing at the regional level.

Keywords: Depositor Preference; Deposit Insurance; Financial Regulation; Regulatory Coordination; Asia

Suggested Citation

Chan, Angus and Godwin, Andrew and Ramsay, Ian, Depositor Preference and Deposit Insurance Schemes — Challenges for Regulatory Convergence and Regulatory Coordination in Asia (July 19, 2018). Law and Financial Markets Review, Vol. 12, No. 2, pp. 71-85, 2018. Available at SSRN: https://ssrn.com/abstract=3216357

Angus Chan

Melbourne Law School

185 Pelham Street
Carlton, 3010

Andrew Godwin

Melbourne Law School ( email )

185 Pelham Street
Carlton, Victoria 3053
Australia

Ian Ramsay (Contact Author)

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

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