Gauging reaction to the Banking Commission report

The long-awaited independent review into the UK banking sector was published this morning by a British parliamentary commission. The report sets out a blueprint to restore trust in Britain’s banks – recommending more accountability for bank executives, punitive sanctions for misconduct and strengthening of the link between bonuses and performance. Mark Garnier MP, a key member of the commission, and Bob Penn of Allen & Overy join the FT banking team to gauge reaction in the City.