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Chan, Angus; Godwin, Andrew; Ramsay, Ian --- "Depositor preference and deposit insurance schemes - challenges for regulatory convergence and regulatory coordination in Asia" [2020] ELECD 219; in Arner, W. Douglas; Wan, Yee Wai; Godwin, Andrew; Shen, Wei; Gibson, Evan (eds), "Research Handbook on Asian Financial Law" (Edward Elgar Publishing, 2020) 233

Book Title: Research Handbook on Asian Financial Law

Editor(s): Arner, W. Douglas; Wan, Yee Wai; Godwin, Andrew; Shen, Wei; Gibson, Evan

Publisher: Edward Elgar Publishing

Section: Chapter 13

Section Title: Depositor preference and deposit insurance schemes – challenges for regulatory convergence and regulatory coordination in Asia

Author(s): Chan, Angus; Godwin, Andrew; Ramsay, Ian

Number of pages: 24

Abstract/Description:

This chapter 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 regionalization and integration of banking activities in Asia, as reflected in initiatives such as the ASEAN Banking Integration Framework, suggest a need for cooperation 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.