Labour Party to Demand U.K. Bankers Are Licensed Like Doctors
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Britain’s opposition Labour Party is seeking legislation to license bankers so that they are subjected to similar checks as lawyers or doctors.
Labour will propose amendments to the Financial Service (Banking Reform) Bill that will be debated in the House of Commons in London later today. It will also press for greater immunity for whistle-blowers who reveal bad behavior in the industry, the creation of a Financial Crime Unit in the Serious Fraud Office, and greater protection for consumers who buy gift vouchers when companies become insolvent.