Bankers braced for new UK regulatory scheme from Bank of England Tough new measures to be unveiled as City deals with new scandal after Lloyds fined £226m for rigging key interest rates

Bank of England

Jill Treanor The Guardian, Tuesday 29 July 2014 19.04 BST

Britain’s bankers are braced for the introduction of a tough new regulatory regime to be outlined by the Bank of England on Wednesday, under which they will have to wait longer for their bonuses and could be deemed guilty until proven innocent.

Details of the Bank’s consultation come as a new scandal hits the City as a result of the £226m penalty imposed on Lloyds Banking Group for rigging key interest rates. READ MORE

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