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Showing posts with the label BBC NEWS | Business (December 21

BBC NEWS | Business (December 21, 2012).: Bank reform plans should be tougher, Banking Commission says

Bank reform plans should be tougher, Banking Commission says   The government is moving ahead with legislation to ring-fence banks' retail and investment arms Continue reading the main story Big Banking Explaining the Libor scandal Timeline: Libor-fixing scandal Global banking scandals explained How British banking broke down Government plans to ring-fence the banks - protecting retail banking from the riskier investment side - "fall well short of what is required", a report has warned. The Banking Standards Commission wants the government to "electrify" the fence so banks won't try to "game" the rules. That means regulators having the power to fully break up a bank if it does not follow the ring-fence proposals. The bank reforms will go before Parliament early next year. 'Electrification'   The Parliamentary Commission on Banking Standards, kn