Dutch Consider Outlawing Calling for a Bank Run

The Dutch government says it studying a law that would make it a crime to call publicly for a run on a bank.

The move stems from the abrupt October 2009 collapse of DSB Bank NV. The regional Dutch bank was facing claims it overcharged mortgage clients, when a well-respected industry commentator called for all retail clients to pull their deposits.

Investors, skittish after the 2008 financial crisis, followed his advice and the seemingly healthy bank collapsed days later.

In a statement Thursday the government said the law is needed to protect the financial system because with modern communications a run could happen to any bankin "hours not days."

The government did not say how such a law could address legitimate public questioningof a bank's solvency.