Parliamentary Commission on Banking Standards and Scheme of arrangement: Difference between pages

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imported>Doug Williamson
(Attach PCBS's final report Volume 1 as download.)
 
imported>Doug Williamson
(Add second definition.)
 
Line 1: Line 1:
(PCBS).
1. ''Insolvency law.'' 


An agreement between a financially distressed company and its creditors or members to effect a merger or a restructuring, which requires the sanction of the court.


The Parliamentary Commission on Banking Standards was established by the UK Parliament in 2012 to:


'''A.'''
2.


Consider and report on:
A similar agreement, for a company which is not necessarily financially distressed.


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:
== See also ==
* [[Insolvency]]
* [[Merger]]
* [[Restructuring]]


2.1. Corporate governance.
[[Category:Corporate_finance]]
 
[[Category:Long_term_funding]]
2.2. Transparency.
[[Category:Compliance_and_audit]]
 
[[Category:Manage_risks]]
2.3. Conflicts of interest.
[[Category:Risk_frameworks]]
 
2.4. Their implications for regulation and for UK Government policy.
 
 
'''B.'''
 
Make recommendations for legislative and other action.
 
The Commission's 2013 report proposes:
 
(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's 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:
[[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 20:12, 15 January 2018

1. Insolvency law.

An agreement between a financially distressed company and its creditors or members to effect a merger or a restructuring, which requires the sanction of the court.


2.

A similar agreement, for a company which is not necessarily financially distressed.


See also

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