imported>Doug Williamson |
imported>Doug Williamson |
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| (PCBS).
| | Repeated transfers in which the debit and credit parties and transaction description remain the same and only the amount and date of the transfer changes. |
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| | Also referred to as a template payment. |
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| The Parliamentary Commission on Banking Standards was established by the UK Parliament in 2012 to:
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| '''A.'''
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| Consider and report on:
| | ==See also== |
| | | *[[Credit]] |
| 1. Professional standards and culture in the UK banking sector, taking account of regulatory and competition investigations into the LIBOR rate-setting scandal.
| | *[[Debit]] |
| | | *[[Transfer]] |
| 2. Lessons to be learned about:
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| 2.1. Corporate governance.
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| 2.2. Transparency.
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| 2.3. Conflicts of interest.
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| 2.4. Their implications for regulation and for UK Government policy.
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| '''B.'''
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| Make recommendations for legislative and other action.
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| The Commission's 2013 report proposes:
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| (1) Making the individual responsibility of senior bankers a reality.
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| (2) Reinforcing each bank's own responsibility for its own soundness and the maintenance of its standards.
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| (3) Creating better functioning and more diverse banking markets.
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| (4) Reinforcing regulators' responsibility to exercise judgement in deploying their powers.
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| (5) Specifying the responsibilities of the UK Government.
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| The Commission's report setting out its conclusions and recommendations can be downloaded here:
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| [[Media:PCBS report June 2013.pdf|PCBS final report June 2013]]
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| ==External links== | |
| *[http://www.parliament.uk/bankingstandards UK Parliament: PCBS] | |
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| [[Category:Regulation_and_Law]] | |
| [[Category:Control_and_Reporting]] | |
| [[Category:Policy_and_Objectives]]
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| [[Category:The_Treasury_Professional]] | |
