Skip to main content

Newsroom

December 21, 2012

Banking review calls for stricter reforms

The UK risks failing to mend banking’s broken ethical standards and structure, according to a review of the government’s reform plans by an influential cross-party commission.

Andrew Tyrie, the Conservative MP who chairs the Parliamentary Commission on Banking Standards, said the Libor rate-rigging scandal – which this week saw the Swiss bank UBS pay $1.5bn in fines to regulators in the US, UK and Switzerland – was just the latest proof that the banking culture needed to be reined in.”

 

***

 
Read full Financial Times article here
In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
[email protected] or 202-618-6433.

Contact Us

For media inquiries, please contact [email protected] or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact [email protected] or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today