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Bill · started in the Commons

Financial Institutions (Reform) Bill

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

In progress Current stage: 2nd reading (Commons)

The story so farThe Financial Institutions (Reform) Bill was introduced in the House of Commons on 29 February 2012 by Steve Baker (Conservative). It is now at second reading in the House of Commons. Second reading is the first debate on the overall principle of the bill; if the bill clears it, detailed committee scrutiny follows.

Progress through Parliament

  1. 1st reading Commons 29 Feb 2012
  2. 2nd reading Commons Current

Source: the official bill page. Last updated 2 May 2012.