Darling to overhaul City regulation - papers

Alistair Darling, the Chancellor of the Exchequer, will deliver his long-awaited White Paper on financial regulation in Parliament at 12:30pm. Under the plans, those banks taking the greatest risks are likely to have to hold more capital to prevent a re-run of last autumn's events which saw the Government scrambling to inject billions of pounds into Royal Bank of Scotland and Lloyds Banking Group. However, the White Paper will stop short of setting a cap on the amounts banks can pay out in bonuses to employees, instead stipulating that the FSA considers remuneration policies when setting...