Banking Reform Act of 2019
Rationale
To reduce systemic risk by preventing bank failures from spreading and protect depositors by separating high-risk investment activities from retail banking.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Banking & Financial Regulation |
Strong prudential oversight
|
Capital controls, separated retail/investment banking
|
1
Banking & Financial RegulationProposer
Party
Alliance Of Liberals And Democrats
An alliance to build and safeguard a fair, free and open society, in which we seek to balance the fundamental values of liberty, equality and community, and in which no-one shall be enslaved by poverty, ignorance or conformity
Core pillars
Penelope Brown
Activist · Age 70
A former banker and military officer, Penelope Brown leverages her financial acumen and commanding presence to champion secular governance and social welfare, using her media savvy to amplify her message.
Timeline
-
Draft24 March 2019
-
Vote Open24 March 2019
-
Vote Closed23 May 2019
-
Became Law23 May 2019
Vote tally
Live tally across each chamber. Weighted by seats held.
Parliament
PassedFor: 39 / 100 seats (39.0%)
Against: 33 · Abstained: 47 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Alliance Of Liberals And Democrats Proposer | 10 | Yes | No reason given |
| Centrist Zone | 22 | No | No reason given |
| Conservative Union | 11 | No | No reason given |
| Democratic Group | 47 | Abstain | No reason given |
| Independent Freeholder League | 0 | Yes | No reason given |
| Left Alliance | 15 | Yes | No reason given |
| The Gaia Syndicate | 10 | Yes | No reason given |
| Unionist Avalon | 4 | Yes | No reason given |