Wednesday, 9 May 2012

UK: the Queen's Speech - the Banking Reform Bill and the Enterprise and Regulatory Reform Bill

The Queen's Speech, marking the start of a new Parliamentary session and setting out the Government's forthcoming legislative programme, was delivered today: see here. Included in the list of proposed Bills is the Enterprise and Regulatory Reform Bill, which will contain, amongst other things, the Government's proposals on directors' remuneration including a binding vote for shareholders in respect of remuneration policy. Also included is a Banking Reform Bill through which the Government will implement the Vickers recommendations. Further information about the purpose and content of these Bills is available in the briefing notes published to accompany the Queen's Speech: see here (pdf).

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