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Bill: Liquid Assets Act 3453
Details
Submitted by[?]: Demokratische Zentrumspartei
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: November 3454
Description[?]:
| An Act to ensure that banks have sufficient liquid assets to cover their liabilities Be it enacted by His Imperial and Most Illustrous Majesty, Kaiser Franz Leopold of Hulstria, and His Imperial and Heavenly Majesty, Mikado Okatori Kanjiro of Gao-Soto, by and with the advice and consent of the Imperial Courts of Hulstria and Gao-Soto and the Imperial Diet, in Parliament assembled, and by the authority of the same, as follows: 1) a) No bank shall have less than 15% of its assets held as liquid assets available for immediate use. b) Banks shall be exempt from this provision at the discretion of the Minister for Finance. |
Proposals
Debate
These messages have been posted to debate on this bill:
| Date | 11:22:59, March 11, 2013 CET | From | Demokratische Zentrumspartei | To | Debating the Liquid Assets Act 3453 |
| Message | Mr. Speaker, we can see from the recent financial crisis that banks cannot be allowed to lend away too many of their assets, lest they have insufficient liquid assets to cover their liabilities, leading to bank runs and economic instability. I therefore commend this bill to the House. Gunther Scherer MR (DZP) |
| Date | 11:47:59, March 11, 2013 CET | From | Unabhängige Sozialkonservative Partei | To | Debating the Liquid Assets Act 3453 |
| Message | "Herr Praesident, Both myself personally and the party in general are pleased to see the intent for firm handed financial action. We agree with this bill, although can the DZP illustrate udner what circumstances a bank could be granted exception from this act by the Minister for Finance?" Wolfgang Rihm (AGP) |
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Voting
| Vote | Seats | ||||
| yes |
Total Seats: 242 | ||||
| no | Total Seats: 125 | ||||
| abstain | Total Seats: 383 |
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