Orbis Gambling and Monetary Association

[Frank Todd]

*I Posted this in the National Affairs by accident, long story. please don't report as spam*

 

With the advent of all the banks and the sprouting Gambling services coming out of random sources. I'd like to notion at a Association for some kind of group that would keep track of any and all Money Based services that are provided by players and what not (Banks, and Gambling). 

 

This wouldn't be anything to control any of the banks, but merely to document existing Companies. Now this could evolve into something else in the future, but cross that bridge and all that.

 

Here's what I would think would be something as to a structure of it:

 

 

Board of Archivists:

Basically just a group of board members that keep track of the bank names and casino names and who owns them or what group runs them. Pretty simple.

 

 

Committee of Appraisal:

A group of people who look at any potential Banks or Gambling Services that try to come about in the financial world, and either leave them out of the OGMA codex or add them.

 

 

Statistics Board:

The group who would get voluntary information to see the overall private economy of Orbis. The term Voluntary should be noted as info can be kept private.

 

 

Just a simple thing that I think would add a fun angle on PnW. If anyone would be for it Awesome, if not then that is coolio as well.

 

Lemme know what you think.

[Kastor]

Well first off this doesn't really belong in Alliance Announcements but I would love to head up this organization.

[Foltest]

I think this could potentially help everyone giving them more publicity.

[Frank Todd]

Well first off this doesn't really belong in Alliance Announcements but I would love to head up this organization.

Where should it go then? Cause I seriously didn't know where to put it lol.

[William Mannax]

The Valkyrie Exchequer has set rates for all clients with good credit history and/or alliance governments that will secure our financial services. We post them transparently here. Standard duration is 4-6 weeks before regular compounding ensues. We are the spiritual heirs of the lending service founded by Solo Man in Asgard. We've been lending in this way for almost two years to clients all over Orbis. 

 

$1-$15000000 = 5%

$15000000-$30000000 = 7%

$30000000-$50000000 = 10%

$50000000-$75000000 = 12%

$75000000+ = 14%

Edited September 27, 2016 by William Mannax

[Psweet]

I'd like to go on record, as the CEO of Stratton Oakmont, as in favor of this.  It will give well-run banks a boost in credibility and hopefully will help to prevent poorly run banks and scams from besmirching the name of all honest businessmen.

[Senatorius]

Well first off this doesn't really belong in Alliance Announcements but I would love to head up this organization.

Kastor is the perfect guy to head up the overseeing of the bank industry

[William Mannax]

I'd like to go on record, as the CEO of Stratton Oakmont, as in favor of this.  It will give well-run banks a boost in credibility and hopefully will help to prevent poorly run banks and scams from besmirching the name of all honest businessmen.

 

Will the CEO of  Stratton Oakmont post his standard interest rates for the public? 

[William Mannax]

By the way, it would make this a lot easier for all of us bankers if we had an international entity overseeing and enforcing equitable lending practices such as holding alliance governments accounting for ensuring that their members pay their debts.

 

I totally support this measure and would love to work with whoever is putting this banking commission together. 

[Frank Todd]

I was honestly not expecting this kind of positive feedback!

 

So how about we set up a channel on either discord or IRC and then see who wants to do what?

[Foltest]

By the way, it would make this a lot easier for all of us bankers if we had an international entity overseeing and enforcing equitable lending practices such as holding alliance governments accounting for ensuring that their members pay their debts.

 

I totally support this measure and would love to work with whoever is putting this banking commission together. 

 

I'm not entirely interested in answering to a higher authority about my bank.

 

I do think it would be good to get alliance leaders to encourage their members to not default on loans. Certain alliances are already very helpful but others are not.

[Frank Todd]

Well for those interested here is the Discord link

 

https://discord.gg/Gt7uQ9s

[Mikey]

I'm not entirely interested in answering to a higher authority about my bank.

 

I do think it would be good to get alliance leaders to encourage their members to not default on loans. Certain alliances are already very helpful but others are not.

 

It's probably unlikely that most alliances would agree to enforce outside debts from their members. If they did agree to it, I doubt many would bother actively enforcing it - why go through the work when it doesn't even directly effect you?

 

What could work, is getting your loan programs internationally recognized and trying to get an agreement that the bank is free to collect by force if necessary. They'd have to prove there is a debt of course, but if your alliance won't protect you from being attacked in for overdue loans, that alone should be enough to give such a thing teeth. I would be ok with that personally, though the details would have to be ironed out.

 

[William Mannax]

It's probably unlikely that most alliances would agree to enforce outside debts from their members. If they did agree to it, I doubt many would bother actively enforcing it - why go through the work when it doesn't even directly effect you?

 

What could work, is getting your loan programs internationally recognized and trying to get an agreement that the bank is free to collect by force if necessary. They'd have to prove there is a debt of course, but if your alliance won't protect you from being attacked in for overdue loans, that alone should be enough to give such a thing teeth. I would be ok with that personally, though the details would have to be ironed out.

 

In the past we've never actually encountered an incident where an alliance government has refused to require their members to pay a transparent debt when push comes to shove.

 

I must say that I have been impressed with the integrity of the vast majority of nations throughout Orbis in paying their debts.

 

But at the end of the day I think that no alliance in Orbis wants to gain a reputation for harboring swindlers or thieves and that [along with wanting to make long term use of our services] has secured our loans well until this point. 

 

This type of commission would be great for the nations of every alliance in Orbis because it will create a transparent common market and everyone will be able to see who is offering the best rates which will drive the interest rates down and encourage lenders to lend more. 

 

And when every nation in Orbis can go to one of these (quasi)private banks operating within the commission, alliance banks can operate more like public sector treasuries without having to manage a lending service for their membership.  

 

This would be good for everyone, except the banks charging higher interest rates and the thieves planning on taking loans that they have no plans to ever pay back. 

Edited September 27, 2016 by William Mannax

[William Mannax]

It's probably unlikely that most alliances would agree to enforce outside debts from their members. If they did agree to it, I doubt many would bother actively enforcing it - why go through the work when it doesn't even directly effect you?

 

What could work, is getting your loan programs internationally recognized and trying to get an agreement that the bank is free to collect by force if necessary. They'd have to prove there is a debt of course, but if your alliance won't protect you from being attacked in for overdue loans, that alone should be enough to give such a thing teeth. I would be ok with that personally, though the details would have to be ironed out.

 

But here's how we do this, we have two maxims. 

 

(1) Max A for members of alliances accredited by the Commission.

(2) Max B for members of alliances not-accredited by the Commission.

 

Max A will be significantly better.  If alliance governments don't want to sign on, that's their loss. 

[Frank Todd]

Alright awesome.

 

So then first things first. Who wants to be in the OGMA? Reply with a nation link, and I will start to compile a Board of some sort.

[vonnorman]

I think something like this could prove to be beneficial

[Kurdanak]

Where should it go then? Cause I seriously didn't know where to put it lol.

Orbis Central or Free Trade Market. Probably the former.

[Psweet]

I really don't think active bankers should be able to hold a position in this organization.  It could lead to a conflict of interest, or at the very least a significant level of bias.

 

SO will, of course, provide all its public info to the organization at such a time as it is requested.  Until then, you can simply request links to our finances, and they shall be provided.

[Frank Todd]

I really don't think active bankers should be able to hold a position in this organization.  It could lead to a conflict of interest, or at the very least a significant level of bias.

 

SO will, of course, provide all its public info to the organization at such a time as it is requested.  Until then, you can simply request links to our finances, and they shall be provided.

Understandable, but this is more so a codex of info for future investors/customers. And my hope is to have a mix of bankers and non-bankers as to keep a balance of checks and what not. I don't want this to be an enforcer unit, nor a force of rich guys toppling nations whom can't pay interests or that sort.

 

Bankers are welcome, but there will be stipulations as to being open with info, divulging rates, etc etc. Think of it as a commune. 

 

Now as for creating some sort of Blacklist/Credit "Bureau", that would be handled by non-banker Board members while we could have a sort of Banker Advisor so-to-speak who would have no control over decisions on that, but merely a helpful amount of advice, to which the Board can consider or ignore.

 

My main goal is to get awareness of Privatized Banks, first and foremost. If something evolves from this that creates a sort of index for future loans or even a sort of "Credit" system, so be it, but I'll cross that bridge when I get there.

[Frank Todd]

Orbis Central or Free Trade Market. Probably the former.

Ah, well. This could technically be put here I guess. xD it is in talks with future alliances affairs sorta

[Psweet]

In that case, count me in!  I'll do what I can to help get this off the ground, I'd love to see Orbis get a more advanced finance market.

 

https://politicsandwar.com/nation/id=20018

Edited September 27, 2016 by Psweet

[vonnorman]

I will sign up Theatrum Orbis Terrarum for this. Nation link https://politicsandwar.com/nation/id=9560

[William Mannax]

If you need my nation link 
 
https://politicsandwar.com/nation/id=8331

Edited September 27, 2016 by William Mannax

[Vack]

Impressed that everyone is being postive about this, I'm pleasantly surprised o/