You Smell Like Butter

Whatevs.

In its formal response to the parliamentary commission on banking standards, the government said it would introduce a new licencing regime for top bankers, stop bonuses being paid to bosses of bailed out banks and look at ways of injecting more competition into banking.

But the government failed to adopt ideas for sweeping changes to the way the Bank of England is managed and rejected proposals to make banks financially stronger through tightening a measure of capital known as the leverage ratio. Nor would it give a clearer remit to the new regulator, the Financial Conduct Authority.