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MP bids to hold directors to account for losses | News | Money Marketing


Via MP bids to hold directors to account for losses | News | Money Marketing: All-party Parliamentary group on economics, money and banking chair Steve Baker wants directors of financial institutions to be forced to take personal liability for their firms’ losses. In a private member’s bill to be debated later this month, Conservative MP Baker calls for any losses to be “made good” first by directors’ bonuses which should be held back for five years, and then by personal bonds […]

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New 10-minute rule bill: The Financial Institutions (Reform) Bill


Next wednesday, after PMQs, I’ll be seeking leave to introduce a Bill to make bank directors and the recipients of bonuses liable for bank losses, amongst other measures. Via Parliament’s future business: FINANCIAL INSTITUTIONS (REFORM) Steve Baker That leave be given to bring in 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 […]

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