MPs says no improvement since NRock - papers

The Daily Telegraph reports the House of Commons' Treasury Select Committee report, which is the fourth and last to come out of a nine-month investigation by the Committee, dismisses the Treasury's recent White Paper on banking and regulatory reform as "largely cosmetic". The White Paper, which Alistair Darling unveiled last month, was billed as the Government's road map for rebuilding Britain's financial system. The Committee found it inadequate. The report said: "Where responsibility lies for strategic decisions and executive action was, and remains, a muddle." With thinly veiled...