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Osborne Backs Proposals To Shake-Up Banking Standards

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http://uk.reuters.com/article/2013/07/08/uk-britain-banking-standards-idUKBRE9670FK20130708

Chancellor George Osborne backed plans to raise standards across banking and said on Monday he will push through a raft of proposals to shake up the industry's culture after a series of scandals.

Osborne said he plans to implement the main proposals set out by a committee last month, which includes the threat of prison for reckless bosses, greater scope to claw back bonuses and pensions, and two new registers to better monitor behaviour.

Clearly it will just be the threat of prison rather than sending any of them too prison. A register to monitor behaviour will there be a naughty step as well?

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Thought they have already kicked it into the future 2019, no hurry then......anything can happen between now and then. ;)

Nothing will be done that's likely to imperil Osborne's chances of securing a few lucrative consultancies after 2015.

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  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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