But experts like Vijay Mahajan, a leading social entrepreneur, says a bank for women is mere tokenism in a country where there are "deep institutional problems" which lead to financial exclusion of women.

BBC: Does India need a bank for women?

Britain's City minister, Lord Myners, said that Iceland would face exclusion from the global financial system if it failed to meet its obligations.

ECONOMIST: Worse: a ceremonial president wielding superpowers

There will be consultation with all sides of the House to come forward with new proposals for dealing effectively with inappropriate behaviour, including potentially the options of effective exclusion and recall for gross financial misconduct identified by the new independent regulator and the House itself.

BBC: In full: Constitution proposals