text_body: --- DIVISION TITLE ---
  
  Backbench Business - Banking Reform - Only Underwrite Purely Deposit-Taking Banks - State Run Derivatives Clearing House
  
  --- MOTION EFFECT ---
  
  @ MP voted aye to remove the implicit taxpayer guarantee from all but purely deposit-taking banks and for the Government to establish a clearing house for all financial derivatives. 
  @ MP voted no against removing the implicit taxpayer guarantee from all but purely deposit-taking banks and for the Government to establish a clearing house for all financial derivatives. 
  
  The majority of MPs voted to remove the implicit taxpayer guarantee from all but purely deposit-taking banks and for the Government to establish a clearing house for all financial derivatives. 
  
  The motion rejected by the majority of MPs was:
  
  :That this House, 
  :''concerned'' that no action has so far been taken which would prevent a recurrence of the financial crash, calls upon the Government to establish a clearing house for approval of all financial derivatives and to set in place alternative mechanisms to remove the implicit taxpayer guarantee, other than to purely deposit-taking banks, in the event of any future banking collapse.
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  