Wall St Journal – Senior bankers who are “reckless” in taking risks could face prison terms in the U.K., under plans presented by the British government. The U.K. Treasury said Monday in a report on its efforts to overhaul the nation’s banking industry that it is proposing a criminal law to punish “reckless” misconduct by senior bankers. The Treasury also said it was working with regulators to ensure bonuses can be deferred for up to 10 years, and clawed back when a bank is bailed out by the government. Read Article
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