A report on banking in Britain has recommended that their boards and not the financial regular should take primary responsibility for their management and stability.
The study was produced by the Future of Banking Commission, which was set up by consumer magazine Which?
Its recommendations are being delivered to the British government in the hope that it will consider them as part of its financial reform.
Such a development would have an impact in Ireland where British banks such as Barclays, HSBC and the Royal Bank of Scotland - which owns Ulster Bank - have a significant presence.
The report recommends an end of sales commission for frontline staff.
It also proposes a savings account that would fully guarantee people's money, even if their bank goes bust.
The money would be invested in safe assets, such as Government bonds, but consumers would receive low returns on it, in exchange for having it protected.
The Commission said the account would be ideal for people who temporarily had large sums of money deposited with banks, for example after they had sold a property or received a divorce lump sum.
But it added that the account could also be used by other people who prioritised the security of their money over the returns they could earn on it.
Under the current regime people have only the first £50,000 protected by the UK’s Financial Services Compensation Scheme if a bank fails, rising to £100,000 for joint account holders.
