The Prime Minister's spokesman has said that Co-operative Group's decision not to buy more than 600 branches from Lloyds was a matter for the two companies.
But on the wider point of banking reform, he told me:
I think that there are reforms in thefinancial arena that have made the UK financial sector safer and stronger and anumber of measures are benefitting consumers including through choice.
The Co-op reportedly cited regulatory requirements as one of the reasons for the collapse of the deal.
More top news
After a most unusual trial in Brooklyn, jurors now must decide whether Abid Naseer plotted to blow up a Manchester shopping centre.
McLaren confirm that Fernando Alonso will not compete in the Australian GP on advice from doctors due to his recent crash
A "lethal mix" of poor clinical care and relationships between doctors and midwives led to the deaths of 11 babies and one mother.