The new banking watchdog will "complement the work of the regulators" in the sector but not look to "duplicate" their actions, founder and interim chairman Sir Richard Lambert has said.
After announcing his recommendations for the Banking Standards Review Council, he tweeted:
The BSRC will complement the work of the regulators by focusing its efforts on identifying and championing good practice. #bankingstandards
The BSRC should support and not duplicate the activities of the professional bodies, and should work with them in raising #bankingstandards
More top news
Patients 'kept like animals in a zoo' at a mental health unit, families have said, as a report into the Ablett Unit in Wales is published.
Police say that 15 motorists will be prosecuted for taking photos of a crash between four lorries on the A14 this morning.
The craze for breastfeeding selfies is piling pressure on mothers who bottle feed, according to a survey.