Parliamentary Commission on Banking Standards and Party: Difference between pages

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imported>Doug Williamson
(Create page. Source: Oxford Dictionary of Law.)
 
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(PCBS).
1. ''Law - contract - agreement.''


A person or other entity directly involved in a contract or other agreement.


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


'''A.'''
2.  ''Law - legal proceedings.''


Consider and report on:
A person or other entity directly involved in legal proceedings, including plaintiffs and defendants.


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:
3. ''Other arrangements.''


2.1. Corporate governance.
One involved in other arrangements, not necessarily having legal effect.


2.2. Transparency.


2.3. Conflicts of interest.
== See also ==
* [[Anchor party]]
* [[Concert party]]
* [[Counterparty]]
* [[Duty of care]]
* [[Ethics]]
* [[Negligence]]
* [[Related party]]
* [[Third party]]
* [[Third party provider]]
* [[Tort]]
* [[Tri-party repurchase agreement]]
* [[Unrelated party]]


2.4. Their implications for regulation and for UK Government policy.
[[Category:Accounting,_tax_and_regulation]]
 
[[Category:The_business_context]]
 
'''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:
[[file: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 04:26, 2 July 2021

1. Law - contract - agreement.

A person or other entity directly involved in a contract or other agreement.


2. Law - legal proceedings.

A person or other entity directly involved in legal proceedings, including plaintiffs and defendants.


3. Other arrangements.

One involved in other arrangements, not necessarily having legal effect.


See also

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