Parliament and Parliamentary Commission on Banking Standards: Difference between pages

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1. ''Constitutional law.''
(PCBS).


A law-making representative body for a country or other political entity.
=== Terms of reference ===


Also known as a ''legislature''.
The Parliamentary Commission on Banking Standards was established by the UK Parliament to:


'''A.''' Consider and report on:


2. ''Other organisations.''
# Professional standards and culture in the UK banking sector, taking account of regulatory and competition investigations into the LIBOR rate-setting scandal.
# Lessons to be learned about:
## Corporate governance.
## Transparency.
## Conflicts of interest.
## Their implications for regulation and for UK Government policy.


Similar decision-making bodies for other organisations.
'''B.''' Make recommendations for legislative and other action.


With substantially lesser powers of course.
 
 
=== Final report ===
 
The Commission's 2013 report is designed to address:
 
# Making the individual responsibility of senior bankers a reality.
# Reinforcing each bank's own responsibility for its own soundness and the maintenance of its standards.
# Creating better functioning and more diverse banking markets.
# Reinforcing regulators' responsibility to exercise judgement in deploying their powers.
# Specifying the responsibilities of the UK Government.
 
 
The Commission's report setting out its conclusions and recommendations can be downloaded here:
[[Media:PCBS report June 2013.pdf|PCBS final report June 2013]].




== See also ==
== See also ==
* [[Constitution]]
* [[LIBOR]]
* [[Constitutional law]]
* [[Banking Standards Review]]
* [[European Parliament]]
 
* [[House of Commons]]
 
* [[Legislation]]
==Other links==
* [[Parliamentary supremacy]]
*[http://www.parliament.uk/bankingstandards UK Parliament: PCBS]
* [[Primary legislation]]
* [[Regulation]]
* [[Secondary legislation]]
* [[Statutory instrument]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Regulation_and_Law]]
[[Category:The_business_context]]
[[Category:Control_and_Reporting]]
[[Category:Policy_and_Objectives]]
[[Category:The_Treasury_Professional]]

Revision as of 14:07, 24 May 2014

(PCBS).

Terms of reference

The Parliamentary Commission on Banking Standards was established by the UK Parliament to:

A. Consider and report on:

  1. Professional standards and culture in the UK banking sector, taking account of regulatory and competition investigations into the LIBOR rate-setting scandal.
  2. Lessons to be learned about:
    1. Corporate governance.
    2. Transparency.
    3. Conflicts of interest.
    4. Their implications for regulation and for UK Government policy.

B. Make recommendations for legislative and other action.


Final report

The Commission's 2013 report is designed to address:

  1. Making the individual responsibility of senior bankers a reality.
  2. Reinforcing each bank's own responsibility for its own soundness and the maintenance of its standards.
  3. Creating better functioning and more diverse banking markets.
  4. Reinforcing regulators' responsibility to exercise judgement in deploying their powers.
  5. Specifying the responsibilities of the UK Government.


The Commission's report setting out its conclusions and recommendations can be downloaded here: PCBS final report June 2013.


See also


Other links