1224 would, in effect, allow implicit interest to be paid on demand deposits without any delay through a new type of sweep arrangement, but this provision would not promote efficiency. It would allow banks to offer a reservable money market deposit account (MMDA) from which twenty-four transfers a month could be made to other accounts of the same depositor.
The power of the general meeting of shareholders passes into the hands of the Board and there is severe conflict of interest between big shareholders and small and medium-sized ones. Operation of companies has more minute division of responsibilities, enhanced specialization raises the status of professional managers. Thus, the Board cannot bring its role of restraint into full play.