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So what needs to be done in the long-term to prevent recurrence and improve banking standards?
Six start-up companies will share a prize of more than £1 million to help them fund ways to improve banking for small businesses.
Vickers, regarded as a candidate to become the next governor of the Bank of England, made clear the he felt the ringfence went far enough to "improve banking stability and competition".
As chair of the Treasury committee, and also the parliamentary commission on banking standards, Tyrie says he's "done what I can to make a contribution, particularly in efforts to improve banking standards and to shape a more trusted and resilient financial sector".
The thrust of banking policy in India has been to improve banking facilities in the rural areas.
There's a real bipartisan consensus in the nation -- to protect Social Security, tax the wealthy, preserve Medicare, improve banking regulations, and ban big bonuses at banks which were rescued by the taxpayers.
Similar(54)
One of the main reasons for the move to polymer is to improve bank note durability.
But it will improve banks' ability to withstand another sudden drop in the value of their loans and investments.
Some economists suggest that Britain would be better served by policies that would directly improve bank lending.
Steps have already been taken to strengthen risk charges for assets held in banks' trading books and to improve banks' liquidity management.
Far from being grilled about his bank's risk management practices, the obsequious senators asked Mr. Dimon if he had any advice on how to improve bank regulations.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com