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Baroness Kramer said she did not think bonus sanctions could be applied retrospectively. "I’m very glad that the Government is showing signs of really being willing to act. I’m not sure you can make it retrospective, but I do completely ... Continue to article
The Banking Commission report is no doubt a serious document worth reading carefully. The members of the Commission took a great deal of evidence and have obviously thought deeply about the ethical an... Continue to article
John Mann MP press release Treasury Select Committee member John Mann, has commented on the Banking Commission Report that was released this morning. He said "the report contains lots of good individual proposals, but there is no core to... Continue to article
Reckless bank bosses should be jailed and pay rules overhauled to end rewards for failure, according to a report by MPs and peers. Continue to article
Lord Oakeshott said he was optimistic that the Government would now take action to strengthen sanctions against misbehaving bankers, after the Parliamentary Commission issued its final report. “I’m very encouraged to see the Treasury’s r... Continue to article
Greg Clark said the Government would respond in full to the recommendations of the Banking Commission's report within the next four weeks. "We'll implement it at pace and what we've said is that within the next four weeks we'll respond i... Continue to article
Lord Myners predicted the report of the Parliamentary Commission on Banking Standards would have a limited impact in the short to medium term. “What I think I can say is that very little will change for several years as a result of the T... Continue to article
Andrew Tyrie said jail might not be needed for bankers, since merely the threat of it might be enough to stop them acting recklessly. "It might not be needed but that might well be because the threat of it has been effective and it will ... Continue to article
Misbehaviour in banks should lead to much tougher punishment, a report by a parliamentary commission recommends. Continue to article
- Given the misalignment of incentives in banking, it should be no surprise that deep lapses in standards have been commonplace. The Commission’s Final Report, ‘Changing banking for good’, contains a package of recommendations to raise stan... Continue to article
Labour party press release Ed Balls MP, Labour's shadow chancellor, responding to the report of the Parliamentary Commission on Banking Standards, said: "After the global financial crisis and the banking scandals that followed we need c... Continue to article
Labour party press release "After the global financial crisis and the banking scandals that followed we need cultural change and radical reform to protect taxpayers, rebuild public confidence in the banks and ensure that in future they wor... Continue to article
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