03 July 2012
A quarter of people would like executives to be held criminally liable when banks are found to be corrupt, a new poll has shown.
The Which? research also demonstrated that around two in three people think that the Government cannot be trusted to represent the public on the issue of banks, while just one in five believe the Financial Services Authority does a good job in monitoring British banks.
The watchdog has pushed the Government to make sure that people in charge of banks - up to top management levels - can be prosecuted.
It is also calling for the segregation of commercial banking from investment banking to be prioritised.
Which? chief executive Peter Vicary-Smith said: "Consumers are clearly fed up with one banking scandal after another.
"Banks and bankers will continue to be seen as untouchable unless individuals are held to account for their actions and the culture of banking is changed for good."
Copyright Press Association 2012
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