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
Weather conditions remain wet and windy through the weekend
Jade Dunne, 29, has been charged with owning a dog dangerously out of control resulting in the death of Dexter Neal at her home in Halstead.
Dashcam footage captured the tree crashing down onto 40-year-old Sarah Robb's BMW just after she left her home in Syston on Thursday.