Panel urges tougher British bank rules

Current proposals fall short, parliamentary commission says in scandal’s wake

Posted: December 22, 2012 at 1:55 a.m.

Regulators in Britain should have the power to split up banks, a government-commissioned report concluded Friday, adding that proposed changes to the rules do not go far enough to prevent a future crisis.

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Business, Pages 28 on 12/22/2012