Bankers to face jail for "reckless misconduct" from 2014.

Guardian: “Senior bankers will face up to seven years in jail if they are found to have committed a new offence of reckless misconduct being proposed by the government as part of a series of measures to clean up the City in the wake of the 2008 banking crisis.” “The reckless misconduct charge was one of the main recommendations of the high-profile parliamentary report into banking commissioned by the government in the wake of the Libor rigging scandal.
It is listed as one of the 86 amendments tabled by the Treasury to the banking reform bill which is also being used to implement many of the ideas of the independent commission on Banking, chaired by Sir John Vickers, to ringfence high street banks from their riskier investment banking activities.”