British Chancellor George Osborne indicated today that he wants a professional standards organisation set up to keep British banking behaviour in check.

The Central Bank will work with the UK’s Financial Service Authority (FSA) on an investigation into the RBS group’s technical failure, expected to cost the bank more than the £125m (€158m) set aside to cover compensation payment.

A top loyalist leader heaped praise on Charles Haughey for his stand against the Provisional IRA.