Banking Standards

Refreshed May 2024 | CPD time: 1 Hour 30 Minutes

In 2012, the Parliamentary Commission on Banking Standards was set up in the UK to address the wider problems that recent banking scandals have highlighted, focusing on professional scandals, culture and corporate governance. The Commission provided its fifth and final report of proposals in June 2013, with the primary objective of restoring trust in banking. This module examines the Commission, its recommendations, the Government’s response, the strengthening of individual accountability, the reforming of corporate governance, securing better outcomes for consumers and enhancing financial stability, as well as further developments in the industry since the Commissions’ report.