Multicurrency facility and Parliamentary Commission on Banking Standards: Difference between pages
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(PCBS). | |||
== Terms of reference == | |||
The Parliamentary Commission on Banking Standards was established by the UK Parliament to: | |||
[[Category: | '''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]]. | |||
==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]] | |||
Revision as of 13:54, 28 June 2013
(PCBS).
Terms of reference
The Parliamentary Commission on Banking Standards was established by the UK Parliament to:
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:
PCBS final report June 2013.
