imported>Doug Williamson |
imported>Doug Williamson |
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| (PCBS).
| | ''Regulation - governance.'' |
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| | Self-Regulatory Organisation |
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| The Parliamentary Commission on Banking Standards was established by the UK Parliament in 2012 to:
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| '''A.'''
| | ==See also== |
| | * [[Governance]] |
| | * [[NASDAQ]] |
| | * [[New York Stock Exchange]] (NYSE) |
| | * [[RPB]] |
| | * [[Self-regulation]] |
| | * [[Self-regulatory organisation]] |
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| Consider and report on:
| | [[Category:Accounting,_tax_and_regulation]] |
| | | [[Category:The_business_context]] |
| 1. Professional standards and culture in the UK banking sector, taking account of regulatory and competition investigations into the LIBOR rate-setting scandal.
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| 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's 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 below:
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| [http://www.publications.parliament.uk/pa/jt201314/jtselect/jtpcbs/27/27.pdf: PCBS final report June 2013]
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| ==External link==
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| *[http://www.parliament.uk/bankingstandards UK Parliament: PCBS]
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| [[Category:Regulation_and_Law]] | |
| [[Category:Control_and_Reporting]]
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| [[Category:Policy_and_Objectives]]
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| [[Category:The_Treasury_Professional]] | |