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
May contain errors — check source documents for definitive information.
This Bill would place greater accountability on directors of financial institutions by introducing strict liability, require directors to post personal bonds as extra capital for their banks, and treat those bonds and any bonuses as part of the bank’s capital. It also sets out insolvency provisions for financial firms and creates a Financial Crimes Investigation Unit to tackle wrongdoing in the sector.
The bill is currently at the 2nd reading in the House of Commons. It originated in the Commons, with its first reading on 29 February 2012.
Generated 21 February 2026
29 Feb 2012
No recorded votes for this bill yet.
