News Tag: New Banking Act
February 22, 2009
The UK's new Banking Act, which will allow authorities to intervene and rescue troubled financial institutions and safeguard investors, is now in force.
The act, which came into effect on Saturday 21 February, means the Tripartite authorities (the Bank of England, Financial Services Authority and Treasury) will provide greater protection for investors as they can receive compensation within seven days should ...
UK’s New Banking Act now in place
by Kay Murchie
