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.
More top news
The three billion-year-old rock is the largest discovered in over a century - and could be yours when it goes under the hammer on June 29.
Hundreds of millions of hacked usernames from providers including Gmail, Hotmail and Yahoo are being shared online, according to an expert.
A deflected Gareth Bale strike ended Man City's Champions League and sent Real Madrid through to face city rivals Atletico in the final.