UK vows jail for reckless bankers

Britain will adopt a raft of proposals aimed at raising standards at scandal-tainted banks, including the threat of prison for reckless bosses and greater scope to claw back bonuses and pensions.

Finance minister George Osborne said he would implement the main proposals set out by a committee of lawmakers last month, which also include new registers to better monitor bankers’ behaviour.

via Business feed http://www.scmp.com/business/banking-finance/article/1278711/uk-vows-jail-reckless-bankers-bid-lift-standards