About: Banking Ordinance

Property	Value
dbo:abstract	The Banking Ordinance is a set of laws passed by the Legislative Council of Hong Kong to tighten restrictions for opening up or licensing a bank. Prior to the 1964 re-regulations, the government had no way to control bank's monetary effect on the economy. It also had no way of protecting the people utilizing the institutions. Banking was considered a Laissez-faire network, and was also described as "Free Banking" or "Wildcat Banking" filled with much uncertainty. (en)
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dbo:wikiPageRevisionID	1114795931 (xsd:integer)
dbo:wikiPageWikiLink	dbr:Quick_ratio dbr:Hong_Kong_dollar dbr:Debt_moratorium dbc:History_of_Hong_Kong dbc:1904_in_law dbc:1986_in_law dbc:Hong_Kong_legislation dbr:Legislative_Council_of_Hong_Kong dbc:1964_in_law dbc:1967_in_law dbr:Bank_of_England dbr:Laissez-faire dbc:Banking_in_Hong_Kong dbr:John_Henry_Bremridge dbr:Hong_Kong_Association_of_Banks dbr:Exchange_Bank_Association dbr:Financial_Secretary_of_Hong_Kong
dbp:1stReading	1986-03-19 (xsd:date)
dbp:2ndReading	1986-05-28 (xsd:date)
dbp:3rdReading	1986-05-28 (xsd:date)
dbp:amendedBy	9223372036854775807 (xsd:decimal)
dbp:dateCommenced	1986-05-30 (xsd:date)
dbp:datePassed	1986-03-07 (xsd:date)
dbp:enactedBy	dbr:Legislative_Council_of_Hong_Kong
dbp:introducedBy	Financial Secretary Sir John Henry Bremridge (en)
dbp:legislature	dbr:Legislative_Council_of_Hong_Kong
dbp:longTitle	An Ordinance to regulate banking business and the business of taking deposits; to make provision for the supervision of authorized institutions so as to provide a measure of protection to depositors; to promote the general stability and effective working of the banking system; to make provision for the supervision of money brokers; and to provide for matters incidental thereto or connected therewith. (en)
dbp:shortTitle	Banking Ordinance (en)
dbp:status	Current (en)
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dcterms:subject	dbc:History_of_Hong_Kong dbc:1904_in_law dbc:1986_in_law dbc:Hong_Kong_legislation dbc:1964_in_law dbc:1967_in_law dbc:Banking_in_Hong_Kong
gold:hypernym	dbr:Set
rdfs:comment	The Banking Ordinance is a set of laws passed by the Legislative Council of Hong Kong to tighten restrictions for opening up or licensing a bank. Prior to the 1964 re-regulations, the government had no way to control bank's monetary effect on the economy. It also had no way of protecting the people utilizing the institutions. Banking was considered a Laissez-faire network, and was also described as "Free Banking" or "Wildcat Banking" filled with much uncertainty. (en)
rdfs:label	Banking Ordinance (en)
owl:sameAs	freebase:Banking Ordinance wikidata:Banking Ordinance https://global.dbpedia.org/id/4VsRx
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