Parliamentary Commission on Banking Standards and Pillar 2: Difference between pages

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(PCBS).
''Banking - regulation.''


(P2).


The Parliamentary Commission on Banking Standards was established by the UK Parliament in 2012 to:
Pillar 2 is the aspect of banking supervision which addresses firm-wide governance and risk management, among other matters.


'''A.'''
Additional capital requirements may be imposed by bank supervisors under Pillar 2, depending on their evaluation of banks' internal assessments of their risks and capital requirements.


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.
== See also ==
 
* [[Bank supervision]]
2. Lessons to be learned about:
* [[Basel III]]
 
* [[Capital adequacy]]
2.1. Corporate governance.
* [[Pillar 1]]
 
* [[Pillar 3]]
2.2. Transparency.
* [[SREP]]
 
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 found at [http://www.publications.parliament.uk/pa/jt201314/jtselect/jtpcbs/27/27.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 14:34, 1 September 2016

Banking - regulation.

(P2).

Pillar 2 is the aspect of banking supervision which addresses firm-wide governance and risk management, among other matters.

Additional capital requirements may be imposed by bank supervisors under Pillar 2, depending on their evaluation of banks' internal assessments of their risks and capital requirements.


See also