Highlights of the report into banking standard

The Parliamentary Commission on Banking Standards has published its long-awaited report. The FT provides a guide to the highlights:

UKFI, the arm’s length Treasury body set up to manage the government’s bank stakes, is ineffective – and the government’s interference in the running of RBS and other part-nationalised banks is labelled “clearly not acceptable.”

Suggests competition probe into the retail and SME banking sector.