03292017Wed
Last updateFri, 24 Mar 2017 12pm

 

Bank chiefs tested on culture and ethics

A city banking task-force is set to write to lenders quizzing them on company ethics.

 

The Banking Standards Board (BSB), chaired by former telecoms regulator Dame Colette Bowe, aims to boost integrity in the banking sector.

Barclays, HSBC, Lloyds Banking Group, Nationwide, Royal Bank of Scotland, Santander and Standard Charter are all set to participate in the review.

The BSB was set up on the recommendation of Sir Richard Lambert, former director general of the Confederation of British Industry (CBI), and was formed in May 2014 after banks agreed to take part in the annual review.

He joins representatives from Morgan Stanley, Citi, HSBC, Nationwide and Metro Bank on the panel.

Bowe said: “Investors are in pole position when it comes to strengthening banking reputations as bank boards will always pay attention if they become dissatisfied.”

Subscribe to the magazine

We aim to advise you of the most up-to-date issues faced by major corporations and leading finance directors, in the form of interesting articles and individual stories.

If you are interested in subscribing to the Director of Finance magazine, register your details here.

Latest News

Most Read

Follow Us On Twitter