Shadow Chancellor Ed Balls on Banking Commission Report lessons

Name: Shadow Chancellor Ed Balls on Banking Commission Report lessons
Uploaded: 2011-04-10T14:10:40.000Z
Description: Shadow Chancellor Ed Balls has been apologising for Labour's failure to regulate the banks, ahead of Monday's Banking Commission report.

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Shadow Chancellor Ed Balls has been apologising for Labour's failure to regulate the banks, ahead of Monday's Banking Commission report.

The BBC expects it will recommend banks ring-fence their risky investment operations, to protect depositors' savings.

Mr Balls told BBC1's Politics Show: "We need a tough solution which can ensure this can never ever happen again - so many families and businesses have suffered."