Jail reckless bankers, reports urges

Senior bankers guilty of reckless misconduct in the management of a bank should be jailed, the Banking Commission has concluded in its final report.

It was one of a serious of recommendations made by the cross-party commission.

Chancellor George Osborne welcomed the report's proposals, calling it "very impressive work".

ITV News' Business Editor Laura Kuenssberg reports.

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Proposals to jail reckless bankers

Senior bankers should be personally responsible for malpractice, with a new criminal offence of reckless misconduct in the management of a bank that carries a custodial sentence, the Banking Commission has concluded in its final report.