A Bill to enforce strict liability on directors of financial institutions; to require directors of financial institutions to post personal bonds as additional bank capital; to require personal bonds and bonuses to be treated as additional bank capital; to make provision for the insolvency of financial institutions; to establish a financial crimes investigation unit; and for connected purposes
House of Commons
2 May 2012
This Bill would tighten accountability for directors of financial institutions by introducing strict liability for certain actions, and by requiring directors to post personal bonds that count as extra bank capital. It also requires personal bonds and director bonuses to be treated as additional capital, sets out rules for the insolvency of financial institutions, and creates a new Financial Crimes Investigation Unit to strengthen enforcement.
The Bill is at the 2nd Reading in the House of Commons. If it progresses, it would typically move on to Committee Stage, Report Stage, and Third Reading in the Commons before moving to the Lords.
Generated 21 February 2026
No recorded votes for this bill yet.
