The UK government has waved through many of the key recommendations made last month by the Parliamentary Commission on Banking Standards but, in its official response, has contained the Commission’s exuberance in 10 areas.

Financial News goes through the key disagreements between the 571-page report published by the commission last month http://bit.ly/14XOaHq ], and the UK Treasury's 80-page response, out today [ http://bit.ly/11vkvZb: