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Published on Mar 5, 2012
Steve Baker MP moving the following motion to introduce a Bill under the ten-minute rule:
FINANCIAL INSTITUTIONS (REFORM)
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 bank capital; to make provision for the insolvency of financial institutions; to establish a financial crimes investigation unit; and for connected purposes.