The German finance ministry said Monday it would present legislation in April for distressed banks that will likely include the creation of a stabilisation fund fed by banks themselves. The 'bank restructuring law' would create a fund to be used in case of crisis to 'dismantle or stabilise' troubled banks, ministry spokesman Michael Offer told a press conference. It would be financed by German banks to 'minimise the effect on taxpayers,' he added. The fund would also progressively reimburse the government for aid it extended last year to banks such as Hypo Real Estate and Commerzbank, now fully or partially state-owned. Many countries are looking for ways to curb excessive banking behaviour and the creation of banks that are 'too big to fail' without putting the entire sector at risk. US President Barack Obama's administration has moved to rein in the largest US banks, sending Congress draft rules that would block mega-mergers and bar investments seen as too risky. 