Following a recommendation in June 2013 by the Parliamentary Commission on Banking Standards, the chairmen of Britain's biggest banks: Barclays, HSBC, Lloyds, Royal Bank of Scotland, Santander and Standard Chartered have appointed Sir Richard Lambert, the former director general of the CBI, to set up a new independent body monitoring standards within the industry.
The chairmen of the banks said Sir Richard had been asked to consult with government, regulators, banks, employees and consumer groups to develop the new body. He will examine the need for new professional qualifications within the industry and consider how best to raise overall standards of behaviour. He will also liaise with Britain's financial regulator as it undertakes a review of its Approved Persons Regime. Come and discuss with Sir Richard, his approach to this project and the issues he is addressing.
Sir Richard Lambert, Chairman Banking Standards Review
Chancellor of the University of Warwick. After reading history at Balliol College, Oxford, he joined the staff of the Financial Times, where he edited the Lex Column, became New York bureau chief, and then the deputy editor. He was editor from 1991 to 2001. After leaving the FT, he wrote the Lambert Review of Business/University Collaboration for the Government, and was an independent member of the Bank of England Monetary Policy Committee from 2003 to 2006. He was Director General of the CBI from 2006 to 2011. Presently holds appointment as Chairman tasked with establishing an independent organisation that will raise standards of competence and behaviour in the Banking Industry.
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HSBC Bank plc
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The Industry Forum promotes constructive dialogue between public policy makers, industry operating in the UK, and leading commentators. It has operated for nearly 20 years and has established good relations with the main political parties and the parliamentary select committees.
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