Senior City lawyers lambast 'naive' and 'monstrous' bank reform plans
Senior City partners have come out strongly against proposals for banking reform published yesterday (19 June) by the commission tasked with restoring confidence in the industry in the wake of the Libor scandal. The parliamentary commission's report on banking standards, which includes proposals to jail bankers who engage in "reckless misconduct", has been met with strong criticism from senior lawyers, who describe aspects of the report as 'unworkable', 'naive' and 'monstrous'.
Senior City partners have come out strongly against proposals for banking reform published yesterday (19 June) by the commission tasked with restoring confidence in the industry in the wake of the Libor scandal.
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