Highlights of the report into banking standard
The Parliamentary Commission on Banking Standards has published its long-awaited report. The FT provides a guide to the highlights:
1) More competition, less political interference
UKFI, the arms length Treasury body set up to manage the governments bank stakes, is ineffective and the governments interference in the running of RBS and other part-nationalised banks is labelled clearly not acceptable.
Suggests competition probe into the retail and SME banking sector.
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