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Banks to get new watchdog in attempt to 'restore public trust'

A new watchdog will be set up to overlook the UK banking industry and "restore public trust" after scandals around Libor fixing and mis-selling of personal protection insurance. Recommendations will be announced in the Banking Standards Review.

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Review setting up new banking watchdog published

A series of measures designed to restore public faith in bankers have been released, including the establishment of a new banking watchdog.

Sir Richard Lambert, who has conducted the Banking Standards Review, posted a link to the full document online:

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