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
Regulators and ministers say energy prices are too high and customer service is poor, writes Joel Hills - but one industry boss disagrees.
Pictures posted online appeared to show Flight BEI284 from Edinburgh with a collapsed right landing gear.
Unemployed Daniel Harris was accused of making "vast profits" by sending drug couriers on mopeds disguised as trainee cab drivers.