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The banking crisis: rethinking and refining the accountability of bank directors

Arsalidou, Demetra 2010. The banking crisis: rethinking and refining the accountability of bank directors. Journal of Business Law 4 , pp. 284-310.

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Abstract

This article considers the accountability of bankers and on the role of the law in holding those responsible accountable for their excesses. First it investigates the possibility of directors' disqualification under s.8 of the Company Directors and effective response. Further, it considers the possibility of introducing a special bank company directors' regime in the Banking Act 2009 that allows the FSA to make an application for wrongful trading irrespective of whether the bank eventually fails. This would link the wrongful trading provisions of the Insolvency Act with the aims of the Banking Act, ensuring that the latter's aims are delivered and that its approach operates in a more meaningful way.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Centre for Business Relationships, Accountability, Sustainability and Society (BRASS)
Law
Uncontrolled Keywords: financial services ; banking law ; corporate social responsibility ; accountability ; Directors' responsibilities
Publisher: Sweet & Maxwell
ISSN: 0021-9460
Related URLs:
Last Modified: 04 Jun 2017 03:22
URI: http://orca.cf.ac.uk/id/eprint/20396

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