Financial Institutions (Reform) Bill 2010-12
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
Private Members' Bill (under the Ten Minute Rule)
The Financial Institutions (Reform) Bill was a Ten Minute Rule Bill tabled by Steve Baker.
Is this Bill currently before Parliament?No. This Bill is not under active consideration by Parliament, as it was introduced during the previous 2010-12 Session.
Whose idea is this Bill?As a Private Members' Bill, this Bill represents the individual initiative of an MP (Steve Baker), not the Government.
What type of Bill is this?A Ten Minute Rule Bill is a process of tabling a bill, where an MP has 10 minutes to advocate for their legislation to the Commons and the Minister responsible.
So is this going to become a law?No. This Bill did not complete it's passage before the Session completed and is no longer before Parliament. However, it may have been re-introduced under a similar name in a subsequent Session.
Would you like to know more?See these Glossary articles for more information: Ten Minute Rule Bill, Private Members Bill, Process of a Bill
Next Event: There is no future stage currently scheduled for this bill
Last Event: Wednesday 29th February 2012 - 1st reading: House of Commons
Bill Progession through Parliament