Regulatory pressures have failedtoguarantee ethical behavior and social responsibility in corporate America, and efforts at self-management have fallen short time and again.
Shadow international development minister Ivan Lewis said the minister had failedto give a "cast iron guarantee" the bill would be in the Queen's Speech.
In order for this plan to work, legislation would need to take effect before the withdrawal of the FDIC guarantee in October, so that FDIC procedures for handling failed banks can be applied to bank-holding companies.