Parliamentary Commission on Banking Standards and Pass-through: Difference between pages

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(PCBS).
A structure or process in which an intermediary transmits value or information, without retaining it at the level of the intermediary.




The Parliamentary Commission on Banking Standards was established by the UK Parliament to:
"By changing [the] Base Rate, the central bank may hope to influence market rates generally. It seems that anticipated changes to Base Rate are one of the largest influences on movements in general market interest rates between actual Base Rate changes (Paul Mizen and Boris Hofmann - "Working Paper No 170: Base rate pass-through: evidence from banks' and building societies' retail rates" - London, 2002, ISSN 1368-5562)."


'''A.''' Consider and report on:
''Base rate - the Treasurer's Wiki.''


# 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.
== See also ==
* [[Base rate]]
* [[Intermediary]]
* [[Pass-through wallet]]


The Commission's 2013 report is designed to address:
[[Category:The_business_context]]
 
[[Category:Identify_and_assess_risks]]
# Making the individual responsibility of senior bankers a reality.
[[Category:Manage_risks]]
# Reinforcing each bank's own responsibility for its own soundness and the maintenance of its standards.
[[Category:Risk_frameworks]]
# Creating better functioning and more diverse banking markets.
[[Category:Risk_reporting]]
# Reinforcing regulators' responsibility to exercise judgement in deploying their powers.
[[Category:Cash_management]]
# Specifying the responsibilities of the UK Government.
[[Category:Financial_products_and_markets]]
 
[[Category:Liquidity_management]]
 
[[Category:Technology]]
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]].
 
 
==External links==
*[http://www.parliament.uk/bankingstandards UK Parliament: PCBS]
 
[[Category:Regulation_and_Law]]
[[Category:Control_and_Reporting]]
[[Category:Policy_and_Objectives]]
[[Category:The_Treasury_Professional]]

Latest revision as of 23:24, 28 June 2023

A structure or process in which an intermediary transmits value or information, without retaining it at the level of the intermediary.


"By changing [the] Base Rate, the central bank may hope to influence market rates generally. It seems that anticipated changes to Base Rate are one of the largest influences on movements in general market interest rates between actual Base Rate changes (Paul Mizen and Boris Hofmann - "Working Paper No 170: Base rate pass-through: evidence from banks' and building societies' retail rates" - London, 2002, ISSN 1368-5562)."

Base rate - the Treasurer's Wiki.


See also

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