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
Despite the cold it will stay dry throughout the day with some bright or sunny spells.
Health experts warn that over-cooking starchy foods can lead to formation of acrylamide, a substance that may increase the risk of cancer.
South Korean tech giant says faulty batteries were the sole cause of the fires that caused it to pull the Galaxy Note 7 from the shelves.