UK Treasury: radical banking reform still needed

Financial reforms since the onset of the crisis have brought some improvements, but more radical measures are needed to tame the banking sector, the UK Treasury said in a report out on Monday.
“We are clear radical reform is necessary, but it cannot be achieved immediately: if it were done too quickly the cost to banks and to their customers would increase too quickly to be absorbed. But it has to be done,” the report says. “The collapse of Lehman Brothers showed the failure of an

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