Should Parliament pass the proposed legislation mentioned in this article http://www.moneymarketing.co.uk/politics/parliament-debates-unlimited-liability-for-directors/1047036.article the UK and London economy will be destroyed. Why would any bank base itself or conduct major operations in the UK when it could operate without these liabilities? If I was managing a bank I would move to Hong Kong or Switzerland where the personal liability does not exist. rnrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action.
