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by The Regional Nation of The Northern Light. . 91 reads.

Vote For GA resolution Deposit Insurance Fund


General Assembly Vote Recommendation

Part of the Information for WA Voters program

Resolution at Vote: Deposit Insurance Fund
Vote Recommendation: For

Resolution Analysis
Overview
This resolution seeks to establish a Deposit Insurance Fund, an international insurance funding pool that individual member nations can access in order to protect savers from the collapse of individual banks. The resolution also lays out a series of protective standards that are given by the Fund, and how private depository institutions may utilise the Fund to insure their deposits. The resolution also encourage individual member nations to establish their own parallel program in order to insure bank deposits.

Recommendation
The insurance fund provides a realistic and reasonable system for individual savers to regain their funds lost due to the collapse of a financial institution. It is an essential policy ensure that the banking system continues to remain sound, and for individuals to put more faith in these financial institutions.

For the above reasons, the Ministry of World Assembly Affairs recommends a vote For the General Assembly Resolution at vote, "Deposit Insurance Fund".

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