“Deregulate banks create opportunity in the banking sector. Regulation can come when time is appropriate. We need more business, not more red tape.”
Financial Regulation Modernization Act of 2024
Rationale
Light-touch regulation balances financial growth with public protection, reducing systemic risk while supporting innovation and investment.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Banking & Financial Regulation |
Deregulated financial centre
|
Light-touch regulation
|
1
Banking & Financial RegulationProposer
Party
The National Unity Front
The National Unity Front was Founded at 27th July 2023 By Nationalists and Rightists, after the Discontent form other political parties, They want change : Strong defense budget, limit immigration, Preserve national identity and culture, and promote a strong leadership.
Core pillars
William Sullivan
Governor of Azonian City · Age 33
A self-taught organizer who cut his teeth rallying communities against corruption, William Sullivan’s idealism and charisma have made him a rising star, though some whisper his ambition may outpace his principles.
Timeline
-
Draft15 June 2024
-
Vote Open15 June 2024
-
Vote Closed14 August 2024
-
Became Law14 August 2024
Vote tally
Live tally across each chamber. Weighted by seats held.
Azonian Senate
PassedFor: 87 / 200 seats (43.5%)
Against: 45 · Abstained: 0 · Not voted: 68
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Centrist Alliance For National Unity | 1 | No | Deregulate banks create opportunity in the banking sector. Regulation can come when time is appropriate. We need more business, not more red tape. |
| Liberty League | 44 | No | As a free market party, we prefer the current laissez faire approach enshrined into Azonian law and believe that light regulation will be a slippery slope into more burdensome regulations. |
| The National Unity Front Proposer | 87 | Yes | No reason given |
| Empty seats | 8 | Not voted |
Azonian Parliament
PassedFor: 81 / 200 seats (40.5%)
Against: 32 · Abstained: 0 · Not voted: 87
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Centrist Alliance For National Unity | 0 | No | Deregulate banks create opportunity in the banking sector. Regulation can come when time is appropriate. We need more business, not more red tape. |
| Liberty League | 32 | No | As a free market party, we prefer the current laissez faire approach enshrined into Azonian law and believe that light regulation will be a slippery slope into more burdensome regulations. |
| The National Unity Front Proposer | 81 | Yes | No reason given |
| Empty seats | 51 | Not voted |
Deputy Chancellor
PassedFor: 0 / 1 seats (0.0%)
Against: 0 · Abstained: 0 · Not voted: 1
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Simon Jennings | 1 | Not voted |
Governor of Azonian City
PassedFor: 1 / 1 seats (100.0%)
Against: 0 · Abstained: 0 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| William Sullivan Proposer | 1 | Yes | No reason given |
Head Chancellor
PassedFor: 1 / 1 seats (100.0%)
Against: 0 · Abstained: 0 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Clarissa Armstrong Proposer | 1 | Yes | No reason given |
Voting record
Every vote must state a public reason. Most recent first.
“As a free market party, we prefer the current laissez faire approach enshrined into Azonian law and believe that light regulation will be a slippery slope into more burdensome regulations.”