Clamp down on too-big-to-fail banks: UK lawmakers

houses-of-parliament

An influential group of British lawmakers has backed Bank of England governor Mervyn King's view that officials should limit banks from posing a systemic threat to the financial system.

In a report released Friday, Banking Crisis: Regulation and Supervision, the Treasury Committee said it was unlikely that all banks could be shrunk to a size where they posed no systemic risk, but said the government "can and should still act."

"Major banks have managed to establish themselves in a powerful

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