“We support proposed changes.”
Banking Reform And Capital Controls of 2024
Rationale
To reduce systemic risks and protect depositors by preventing risky speculative banking from endangering essential retail services.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Banking & Financial Regulation |
Light-touch regulation
|
Capital controls, separated retail/investment banking
|
1
Banking & Financial RegulationProposer
Party
Blue Labour
Blue Labour forges a nation where work shapes identity the earth sustains and borders stand firm for those who earn their place.
Core pillars
Émilie Leroy
Activist · Age 29
A former investment banker turned activist, she leveraged her financial expertise to expose corporate corruption before becoming a vocal advocate for worker protections and sustainable economic reform.
Timeline
-
Draft18 August 2024
-
Vote Open18 August 2024
-
Vote Closed17 October 2024
-
Did Not Become Law17 October 2024
Vote tally
Live tally across each chamber. Weighted by seats held.
Senate
PassedFor: 144 / 348 seats (41.4%)
Against: 131 · Abstained: 0 · Not voted: 73
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Blue Labour Proposer | 56 | Yes | No reason given |
| Charlemont Rise Up ! | 61 | No | It runs counter to our current economic system. Such a change would be dangerous. |
| Common Ground | 0 | Yes | We support proposed changes. |
| Green-left Movement | 88 | Yes | The Green-Left Movement supports stronger banking regulation and separating retail from investment banking to ensure people’s savings are never put at risk by reckless speculation. Capital controls will strengthen financial stability and ensure banks serve the real economy and public interest. |
| National Front | 70 | No | No, we are strongly against this proposal |
| Empty seats | 14 | Not voted |
National Assembly
PassedFor: 260 / 577 seats (45.1%)
Against: 233 · Abstained: 0 · Not voted: 84
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Blue Labour Proposer | 109 | Yes | No reason given |
| Charlemont Rise Up ! | 159 | No | It runs counter to our current economic system. Such a change would be dangerous. |
| Common Ground | 46 | Yes | We support proposed changes. |
| Green-left Movement | 105 | Yes | The Green-Left Movement supports stronger banking regulation and separating retail from investment banking to ensure people’s savings are never put at risk by reckless speculation. Capital controls will strengthen financial stability and ensure banks serve the real economy and public interest. |
| National Front | 74 | No | No, we are strongly against this proposal |
| Empty seats | 17 | Not voted |
Presidency
FailedFor: 0 / 1 seats (0.0%)
Against: 1 · Abstained: 0 · Not voted: 0
| Party | Seats | Vote | Reason |
|---|---|---|---|
| Rémi Garnier | 1 | No | No reason given |
Voting record
Every vote must state a public reason. Most recent first.
“The Green-Left Movement supports stronger banking regulation and separating retail from investment banking to ensure people’s savings are never put at risk by reckless speculation. Capital controls will strengthen financial stability and ensure banks serve the real economy and public interest.”
“It runs counter to our current economic system. Such a change would be dangerous.”
“No, we are strongly against this proposal”