Bank reform plans should be tougher, Banking Commission says
Government plans to ring-fence the banks - separating their retail businesses from their investment arms - "fall well short of what is required", a report has warned.
The Parliamentary Commission on Banking Standards wants the government to "electrify" the fence so banks cannot make holes in it.
The government's bank reforms will go before Parliament early next year.
Hugh Pym reports
21 Dec 2012