The twilight zone with David Jetuah

Desperate times call for desperate measures, but putting out feelers to gauge.

opinion on letting directors of banks have an easier ride under insolvency laws.

will look like madness. The Treasury’s 70-page document released last week asked.

for views on possible tweaks to insolvency rules. The Insolvency Act says.

directors can be held liable for certain losses and face disqualification if.

they fail to take every possible step to minimise loss to creditors when.

insolvency is inevitable.The crux of the issue for the Treasury lies in getting banking directors to.

throw in the towel early to prevent wider fallout. The ‘twilight zone’, the time.

from entering financial difficulty to going into administration, would be.

shorter.

Taken from here