An amendment to law is a step in an effort to enable law for always
following society development to meet the purpose of law. On the other hand,
it is essential to study further whether existed draft of bank law already makes
the law as a means of development. Problem formulations of this research are:
first, what are the juridical factors causing banking law need to be amended
immediately? and second, has the plan of banking law amendment design
manifested the law as a tool of social engineering? This normative law research
uses qualitative data analysis as the analysis technique. As the result, this
research shows that : first, juridical factors causing Banking Law needs to be
amended immediately are the importance of sharpening bank function both in
micro and in macro in this case through the implementation of monetary
policy and financial system stability and the importance of protection national
interests through restriction of share ownership and synchronization of
legislative regulations between Financial Services Authority Law and Banking
Law about Financial Services authority in conducting management and
supervision and second, plan of amendment on banking law always tries hard
to adapt to the speed of economic development embodying law as a tool of
social engineering .