Coronavirus Job Retention Scheme and Parliamentary Commission on Banking Standards: Difference between pages

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imported>Doug Williamson
(Create page. Source: UK government webpage https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses#support-for-businesses-through-deferring-vat-and-income-tax-payments)
 
imported>Doug Williamson
(Make 2013 item past tense.)
 
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''Business continuity - pandemic - UK.''
(PCBS).


Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis.
=== Terms of reference ===


The UK's HMRC (Her Majesty's Revenue & Customs) will reimburse 80% of relevant workers' wage costs, up to a cap of £2,500 per month.
The Parliamentary Commission on Banking Standards was established by the UK Parliament to:


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


==See also==
# Professional standards and culture in the UK banking sector, taking account of regulatory and competition investigations into the LIBOR rate-setting scandal.
*[[British Business Bank]]
# Lessons to be learned about:
*[[Business continuity plan]]
## Corporate governance.
*[[Contingency plan]]
## Transparency.
*[[COPD]]
## Conflicts of interest.
*[[Coronavirus]]
## Their implications for regulation and for UK Government policy.
*[[Coronavirus Business Interruption Loan Scheme]]
*[[COVID-19]]
*[[COVID-19 Corporate Financing Facility]]
*[[Disaster recovery planning]]
*[[Financial stability]]
*[[Her Majesty’s Revenue & Customs]]
*[[Liquidity management]]
*[[WFH]]


'''B.''' Make recommendations for legislative and other action.


==Resources for COVID-19==
[https://www.treasurers.org/hub/technical/covid19 ACT technical - COVID-19]


[https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses UK government: support for businesses]


[https://www.gov.uk/coronavirus UK government: COVID-19 support hub]
=== Final report ===
 
The Commission's 2013 report was 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]].
 
 
==Note==
 
The Association of Corporate Treasurers gave both written and oral evidence to the Commission. Justin Welby, a member of the Commission, was Lord Bishop of Durham on his appointment and became The Most Rev. and the Rt Hon. the Archbishop of Canterbury before it reported. A former Treasurer of Enterprise Oil, he is a Fellow of the ACT.
 
 
== See also ==
* [[LIBOR]]
* [[Banking Standards Review]]
* [[MCT]]
 
 
==Other links==
*[http://www.parliament.uk/bankingstandards UK Parliament: PCBS]
 
[[Category:Compliance_and_audit]]
[[Category:Ethics]]

Revision as of 20:32, 8 April 2015

(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 was 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.


Note

The Association of Corporate Treasurers gave both written and oral evidence to the Commission. Justin Welby, a member of the Commission, was Lord Bishop of Durham on his appointment and became The Most Rev. and the Rt Hon. the Archbishop of Canterbury before it reported. A former Treasurer of Enterprise Oil, he is a Fellow of the ACT.


See also


Other links