The Financial Services (Banking Reform) Bill begins its Committee stage in the House of Lords on 8 October. The Government will be tabling various amendments to the Bill, details of which were published yesterday: see here. An overview of the proposed amendments, which introduce a wide range of new clauses, is available here (pdf). Amongst other things, the introduction of a new criminal offence is proposed in respect of a decision by a senior manager of a bank leading to bank failure. A short briefing note in respect of this offence is available here (pdf).
Wednesday, 2 October 2013
UK: FInancial Services (Banking Reform) Bill - Committee stage amendments published by Government
The Financial Services (Banking Reform) Bill begins its Committee stage in the House of Lords on 8 October. The Government will be tabling various amendments to the Bill, details of which were published yesterday: see here. An overview of the proposed amendments, which introduce a wide range of new clauses, is available here (pdf). Amongst other things, the introduction of a new criminal offence is proposed in respect of a decision by a senior manager of a bank leading to bank failure. A short briefing note in respect of this offence is available here (pdf).
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