Parliamentary Commission on Banking Standards and Phillips curve: Difference between pages

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(PCBS).
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A diagram illustrating the inverse relationship between (general) inflation and unemployment, or the inverse relationship itself.


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


'''A.'''
2.


Consider and report on:
A diagram illustrating the inverse relationship between wages (or wage inflation) and unemployment, or the inverse relationship itself.


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 ==
* [[Equilibrium unemployment]]
* [[Inflation]]
* [[Inverse yield curve]]
* [[Labour force participation rate]]
* [[Laffer curve]]


2.1. Corporate governance.
[[Category:The_business_context]]
 
[[Category:Corporate_finance]]
2.2. Transparency.
 
2.3. Conflicts of interest.
 
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:
[[filepath: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 09:58, 8 June 2020

1.

A diagram illustrating the inverse relationship between (general) inflation and unemployment, or the inverse relationship itself.


2.

A diagram illustrating the inverse relationship between wages (or wage inflation) and unemployment, or the inverse relationship itself.


See also

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