Parliamentary Commission on Banking Standards and Real-time gross settlement system: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
m (Changed style of headings within entry to make it distinct from See also and Other links)
 
imported>Doug Williamson
m (Category added 9/10/13)
 
Line 1: Line 1:
(PCBS).
(RTGS).  


=== Terms of reference ===
''Funds transfer''. 


The Parliamentary Commission on Banking Standards was established by the UK Parliament to:
A gross settlement system in which processing and settlement take place in real time (continuously).
 
'''A.''' Consider and report on:
 
# 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.
 
'''B.''' Make recommendations for legislative and other action.
 
 
 
=== 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 ==
* [[LIBOR]]
* [[EONIA]]
* [[Banking Standards Review]]
* [[Fedwire]]
 
* [[Gross settlement system]]
 
* [[Interlinking]]
==Other links==
* [[Real-time transmission, processing or settlement]]
*[http://www.parliament.uk/bankingstandards UK Parliament: PCBS]
* [[Trans-European automated real-time gross settlement express transfer]]


[[Category:Regulation_and_Law]]
[[Category:Payment_and_Clearing_Systems]]
[[Category:Control_and_Reporting]]
[[Category:Policy_and_Objectives]]
[[Category:The_Treasury_Professional]]

Revision as of 10:00, 9 October 2013

(RTGS).

Funds transfer.

A gross settlement system in which processing and settlement take place in real time (continuously).


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Parliamentary_Commission_on_Banking_Standards&oldid=40121’