ABSTRACT

While the preceding chapters in this book focused on conceptual and practical legal issues facing systemic bank restructuring and banking supervision in jurisdictions such as Zambia and other common law systems, this chapter provides an overview of lessons of experience in banking reform worldwide. Indeed, an international and comparative dimension is added and, as in the preceding chapters, an interdisciplinary approach is adopted.1 The adoption of such an approach sets the law in context by relating it to the economic, socio-cultural, political and financial considerations underpinning the legal framework. It is this feature that provides the underscoring theme in this chapter. The reformation of banking systems requires a good appreciation of interdisciplinary and meta-paradigmatic perspectives. To achieve such a holistic view of problem solving, various tools, methods and concepts can be utilised. As already noted in Chapter 2, problem solving is a continuous phenomenon that deals with the management of complexity and diversity. Thus, the present chapter places greater emphasis on examining both legal and extra-legal constraints affecting systemic bank restructuring.