Banking Reform And Capital Controls of 2022
Failing
in the National Assembly
Opened
28 Oct 2022
Voting closes
Withdrawn 30 Oct 2022
Chambers
1 legislature
Articles
1 change
Rationale
Prevents systemic risks by reducing bank instability and protecting depositors through clearer separation and risk management.
Proposed Changes
| Law | Previous | Proposed | ||
|---|---|---|---|---|
| 1 | Banking & Financial Regulation |
Strong prudential oversight
|
Capital controls, separated retail/investment banking
|
1
Banking & Financial RegulationPrevious law
Strong prudential oversight
Capital controls, separated retail/investment banking
Proposer
Party
North Sea Workers' Alliance
A force of labor and justice rising from the docks to the halls of power to reshape the economy for workers
Core pillars
🚩
🔨
🛡️
👨💼
ET
Edward Thornton
Activist · Age 45
3,296 social followers
Having inherited wealth but eschewing public life, Edward Thornton quietly shaped the party’s policies from the shadows, driven by an unshakable belief in justice for the working class.
🌟 Idealist
🤝 Loyal
🏠 Reclusive
🏙️ Street Smart
💰 Wealthy
Timeline
-
Draft28 October 2022
-
Vote Open28 October 2022
-
Withdrawn30 October 2022
-
Never Became Law30 October 2022
Vote tally
Live tally across each chamber. Weighted by seats held.
National Assembly
Failed
0Yes
0No
100Not voted
100 seats
For: 0 / 100 seats (0.0%)
Against: 0 · Abstained: 0 · Not voted: 100
50.1% of those voting must vote in favour (actual = 0.0%)
| Party | Seats | Vote | Reason |
|---|---|---|---|
| North Sea Workers' Alliance Proposer | 0 | Yes | No reason given |