Anyway, here's an extract:
The proposal to create a primary duty to promote financial stability over and above other interests, including shareholders is, we believe, mis-directed, sets a worrying precedent and could impact upon the investibility of UK banks. Directors’ duties should be consistent for all companies. We do not believe that there is divergence of interests between institutional shareholders and directors, including directors of banks - both wish to see the company succeed. Given that it is shareholders’ capital which is at risk it is very much in their interest that any firm remains financially secure.For the back ground to this see here and here.