Parliamentary Commission on Banking Standards and SSB: Difference between pages

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(PCBS).
Standard Setting Body.
 
=== Terms of reference ===
 
The Parliamentary Commission on Banking Standards was established by the UK Parliament to:
 
'''A.''' Consider and report on:
 
# Professional standards and culture in the UK banking sector, taking account of regulatory and competition investigations into the LIBOR rate-setting scandal.
# Lessons to be learned about:
## Corporate governance.
## Transparency.
## Conflicts of interest.
## Their implications for regulation and for UK Government policy.
 
'''B.''' Make recommendations for legislative and other action.
 
 
 
=== Final report ===
 
The Commission's 2013 report is 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 ==
== See also ==
* [[LIBOR]]
* [[Standard]]
* [[Banking Standards Review]]
* [[Standard Setting Body]]
* [[MCT]]
 
 
==Other links==
*[http://www.parliament.uk/bankingstandards UK Parliament: PCBS]


[[Category:Compliance_and_audit]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Ethics]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]

Latest revision as of 14:26, 7 December 2021

Standard Setting Body.


See also