Osborne welcomes 'very impressive' banking report

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

He wrote on Twitter:


Welcome banking commission report into standards which we called for last year.V impressive work.Will help our plan for stronger safer banks


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.