UK Parliamentary Commission on Banking Standards; Changing Banking for the Good; reckless misconduct in the management of a bank

The UK Parliamentary Commission on Banking Standards has just released its 500+ page report “Changing Banking for the Good.” Among the report’s more intriguing proposals is the creation of a new criminal offense:  “reckless misconduct in the management of a bank.” Certainly, convicting someone who brought down a bank for “reckless misconduct” would be satisfying.  … Read more