The new banking sector watchdog will not be allowed to use any political connections it has to influence Government policy, it has emerged.
Other recommendations expected are:
- The watchdog will be funded by the banks, but will be independent.
- It will look at the behaviour of banks eg. around issues of how they incentivise staff to sell products.
- Membership is voluntary.
- The report is expected to cover all banking but will not make any recommendations about bank structure.
More top news
The singer demanded a fan stop using a tripod during a live show and advised her to enjoy it "in real life".
Johnny Depp's band the Hollywood Vampires are due to play in Stockholm, Sweden, but face calls for the gig to be boycotted.
The launch of a medium-range missile took place around 5.20am Seoul time, off the country's east coast, an official said.