“Radical reforms” must be considered: UK lawmakers

Houses of Parliament London

An influential group of British lawmakers has called for the government to revise its strategy to regulate against future financial crises and consider structural reform of the banking sector.

The British government has ruled out structural reforms such as narrow banking - as suggested by Bank of England governor Mervyn King- in its regulatory proposals.

In a report out Monday, the Treasury Committee said it was wrong to do so. "President Obama's proposals do include structural reforms, which su

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