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BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

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Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

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BFCSA: Bankers could face 7 years jail in UK. Should be 20 years Mandatory for all Bankers operating in Global Markets

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IF Bankers are prepared to rob people of 30 years of hard work and saving in the name of their own greed, then 20 years jail should be a minimum.  7 years jail for receiving $50 - $100 million bonus packets as payment for engineering FAULTY TOXIC MORTGAGE PRODUCTS is a paltry sentence.  That means a three year sentence in real term. IF you want to stamp out GLOBAL BANK FRAUD you need a strong deterrent and a strong commitment from Governments to implement harsh sentencing immediately AND RETROSPECTIVE.  This issue will not melt into the worn out fabric of life!  Now read on as to what UK are doing about their wayward banksters - we hope.  Remember laws are only as strong as the use of them.  Laws rotting on shelves are useless and a Banksters delight.  The victims of these TOXIC MORTGAGE crimes need to unite globally and rise up above these people who think they are clouds above any laws. In Australia, ASIC has had laws for the past 14 years and even a new version three years ago BUT has not used any of these laws against any LENDER ENGINEER BANKSTERS......and Australia as plenty of crooked bankers to choose from.   We therefore must have very corrupt regulators and Governments.    I suggest the whistleblowers start whistling.  You are either part of the crime or part of the exposure.  Take your pick.   dThis email address is being protected from spambots. You need JavaScript enabled to view it.   

FROM CNBC WORLD

Senior bankers in Britain could face a maximum jail term of seven years if they are found guilty of reckless misconduct, draft laws published on Tuesday said.

The sentence was included in a wide-ranging set of proposed amendments to the Banking Reform Bill which the government is using to overhaul Britain's banking industry in the wake of the 2008 financial crisis.

(Read more: Bonuses: EU lawmaker dismisses UK legal action)

A cross-party panel of lawmakers recommended introducing the charge of "reckless misconduct in the management of a bank" earlier this year as one of many steps to clean up Britain's banking culture and improve governance standards.

Play Video

 

Should banker bonuses be capped?

Chris Skinner, chairman of the financial services club, tells CNBC that the UK won't be able to compete with Asia and the US if a bonus cap comes into law.

The government has backed most of those recommendations, and laid out the 86 changes it wants to make to the current draft banking bill to implement them. If approved, these could become law early next year.

"Today's amendments mark the final part of the government's plan for the biggest ever overhaul of the UK banking system," a finance ministry spokesman said.

(Read more: UK Backs Plans to Jail Reckless Bankers)

The new offence would apply to those listed on a newly-established register of senior bankers if they make decisions which lead to the failure of a bank, or fail to stop other making such decisions.

"The maximum sentence for the new offence is seven years in prison and/or an unlimited fine," a briefing note by the finance ministry said. "The new offence will strengthen individual accountability for senior bankers, and act as a deterrent against misconduct."

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Comments

  • doyla66
    doyla66 Tuesday, 01 October 2013

    Maximum of 7 years, they have to be kidding!!! What about all the suicides and broken homes
    they caused because of their greed and corruption!!
    Has the Government even given that a thought?
    Strip them of all their ill gained assets and jail them 30 years. They are guilty of thousands of suicides of honest
    hard working people.

  • doyla66
    doyla66 Wednesday, 02 October 2013

    I do hope it means those retarded culpable bank$ters are denied 'special leave' to enjoy Wimbledon's strawberries and cream?

  • doyla66
    doyla66 Thursday, 03 October 2013

    The banksters mansions and assets should be confiscated as they should be classified as the proceeds of crime.

  • doyla66
    doyla66 Sunday, 06 October 2013

    Strip them of everything they own as they have done to others. Put them out on the street - jail is too good for them.

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Guest Saturday, 21 September 2019