New rules which could mean rule-breaking bankers having their bonuses taken away are a 'big positive step', said Business Secretary Vince Cable.
The regulations will make bankers operate 'more responsibly' he said.
" I don't think anyone would have a quarrel with this. We have suffered enormously from the collapse of the banking system. We need to have a system of penalties in place to make sure this doesn't happen again," Dr Cable added.
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Owners must also prove they have something to pick up dog mess with under new rules imposed by one council.
The former prime minister made the comments as he prepares to return to politics saying he wants to be "part of the debate" on Brexit.
The new measures would mirror childcare vouchers and see workers sacrifice some of their salary to benefit.