FT.com / UK / Business – Danger in bank bill, warn lawyers


Further attacks on the classic understanding of the rule of law, under which legislation should not be retrospective:

A new law aimed at staving off banking crises would give the authorities dangerously wide scope to intervene in struggling institutions on grounds of public interest or financial stability, lawyers warned.

The banking bill offers the government powers to change other laws retrospectively if they conflict with the new rules, say partners at top City firms.

via FT.com / UK / Business – Danger in bank bill, warn lawyers.

Tags: , , , ,

Comments & Responses

Comments are closed.