How would you change the banking system?
Gordon Brown has admitted he made a mistake in not introducing tougher bank regulation. How would you change the banking system?
The PM, chancellor from 1997 to 2007, said that in the 1990s the banks had all been calling for less regulation, "And actually the truth is that we should have been regulating them more."
Yesterday, Nick Clegg, leader of the Lib Dems, said cash bonuses for bankers should be capped at £2,500 a year while board directors in financial institutions should never earn extra payouts. He added that the names of all banking employees earning more than the prime minister (£197,689 per year) should also be published.
How would you improve the banking system? What is your reaction to Gordon Brown's admission? Do you think Nick Clegg's plans are realistic? How should employees in the financial sector be rewarded?