David Cameron has said he believes bankers should be held personally responsible for incidents such as money-laundering.
Following the announcement that HSBC is to pay £1.2 billion in a money-laundering probe by US authorities, the Prime Minister told the House of Commons Liaison Committee:
It is a very serious offence. We do have quite strict controls in this country in terms of how banking regulation and money-laundering regulation works.
I have always said, with respect to bankers, if they get it wrong, like anybody else, they should feel the full force of the law.
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