Page last updated at 11:00 GMT, Sunday, 18 October 2009 12:00 UK

Lord Myners on banks and lending

Advertisement

The Financial Services Authority is expected to announce tough new regulations governing mortgage lending.

Prime Minister Gordon Brown had asked the FSA to crack down on what he called "reckless" banking practices.

City Minister Lord Myners says banks must ensure that people can afford to repay the loans they are taking out.

SEE ALSO

Story Tools

PRODUCTS & SERVICES

AmericasAfricaEuropeMiddle EastSouth AsiaAsia Pacific