A report on banking self-regulation in the United Kingdom is raising hackles among bankers for some of its more innovative proposals reports the Financial Times.

The report makes 12 major recommendations for the U.K. banking industry. A couple of the more controversial ones, according to the FT, would see banks face a five-day deadline for account transfers. Bank’s that don’t meet the deadline would have to pay the affected customer £50. “An imposed financial fine raises competitive issues,” said the British Bankers’ Association, the industry’s trade association.

The report proposes publishing rankings of how well banks are adhering to their self-regulatory obligations. It also suggests rewriting the self-regulatory code in plain language. On the subject of published rankings, the reports’ author, DeAnne Julius, said, “We recognise this is a sensitive issue, but we think it’s perfectly feasible to publish gradings to help consumers judge service standards.”

The report, commissioned by the U.K.’s Treasury department, is out for comment until September 30.