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Legal Update

Amendments to the UK Financial Services (Banking Reform) Bill

October 2013
Mayer Brown Legal Update
This alert considers the amendments the government proposed to the Financial Services (Banking Reform) Bill on 1 October 2013 in the light of the recommendations made by the Parliamentary Commission on Banking Standards. It focuses on the anticipated introduction of the new Senior Persons Regime and its ramifications across the financial services industry and the possibility of its wider application.
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