Launching the Banking Reform Bill today at JP Morgan in Bournemouth today, Chancellor George Osborne will say:
When the RBS failed, my predecessor Alastair Darling felt he had no option but to bail the entire thing out. Not just RBS on the high street, but the trading positions in Asia, the mortgage books in sub-prime America, the property punts in Dubai.
I want to make sure that the next time a Chancellor faces that decision they have a choice. To keep the bank branches going, the cash machines operating, while letting the investment arm fail.
Under the Bill investment and high street banks will also have different bosses and a new watchdog will be set up.
More top news
Temperatures will be on the warm side tomorrow as much of the country looks forward to a fine bright start to the day.
Welsh international rugby league player Danny Jones has died today after collapsing during a match.
One medical worker told ITV News it was like 'entering your worst nightmare' as they tried to help look after the injured.