Reckless bankers should face jail, says UK parliamentary report


Prison sentences for "reckless" senior bankers are among the recommendations contained in the 570-page dossier released today by the UK Parliamentary Commission on Banking Standards.

The report marks the culmination of a year-long process – launched after the Libor scandal – of gathering written and verbal evidence on the professional standards and culture in the UK banking sector.

One of the headline recommendations of the report is the criminalisation of any "reckless misconduct" in the manage

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