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{
    "id": 327103,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/327103/?format=api",
    "text_counter": 841,
    "type": "other",
    "speaker_name": "",
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    "content": "years, the CBK cannot appoint a receiver manager. They are not in a position to return the financial institution to the public because it is based on public confidence. They cannot give it back to the shareholders. So, what are we going to do? We are creating a lacuna where they cannot appoint a receiver manager and they are not in a position to return it. So, the option that will be open is to force liquidation. Basically, all we are trying to do within this law is to create early deaths for institutions that had they been statutorily managed, can be revived. If you cannot stay for more than two years and you cannot return it to the shareholders, the only other option beyond receiver management is liquidation. So, we are calling for liquidation after two years because that is the only option we are providing here. That is not exactly what we want to achieve. What we want to achieve is the receiver manager to go in there, do his job and return the bank to the owners. Not through the painful route that we are saying that if you have not done your job, kill it. That is the implication of what we are going to do."
}