Parliamentary Commission on Banking Standards

New UK Banking Act: A Missed Opportunity to Make Banks Socially Responsible

Prem Sikka | Posted 26.02.2014 | UK Politics
Prem Sikka

Some six years after the banking crash, there is little sign of any major reform. The UK's Banking Reform Act is a disappointment and at one stage was described by the chair of the Parliamentary Commission on Banking Standards as "virtually useless".

What Punishment Will Reckless Bankers Get?

The Huffington Post UK | Asa Bennett | Posted 02.10.2013 | UK Politics

Senior bankers could get up to seven years in jail and an unlimited fine if convicted of the new offence of "reckless misconduct", the Treasury has an...

Banks: Change "Testosterone-Fuelled Culture" to Attract Women Traders

Fiona Hotston Moore | Posted 21.08.2013 | UK
Fiona Hotston Moore

Women are just as capable of taking pressure, of course. Indeed, as many juggle the responsibilities of work and children, arguably more so. The question is not whether they have the skills, but whether they have the will for a grim working environment without visible reforms.

Banking Reforms: Don't Get Your Hopes Up

Victoria Sadler | Posted 20.08.2013 | UK Politics
Victoria Sadler

The cornerstone to any genuine banking reform has to be an overhaul of the regulatory environment. Responsibility for the banks may ultimately lay with its senior management but do you think they really care? The evidence over the past few years suggests otherwise - it's take the money and run. You want bankers to change? You've got to make them.

Ex-HBOS Boss Quits Job With Private Equity Firm

PA | Posted 05.04.2013 | UK

Former HBOS chief executive Sir James Crosby has stepped down from his role with private equity firm Bridgepoint following a damning report into the c...

Worse Than Fred The Shred?

PA/The Huffington Post UK | Posted 05.04.2013 | UK

Bankers who ran HBOS in the run-up to its dramatic collapse are ultimately to blame for its failures, and should never be allowed to work in the finan...

Why Regulatory Compliance for Financial Services is Akin to Road Maintenance

Tony Virdi | Posted 28.05.2013 | UK Tech
Tony Virdi

With so much change in a what is often a 'spaghetti of legacy / new systems and processes' it will always be challenging and costly to make structural changes; hence banks will often take the least contentious path. After all, regulatory change is not revenue-generating and times are tough.

Chancellor Lacks 'Political Will' Over Banks' Break-Up

PA | Posted 25.02.2013 | UK

The Archbishop of Canterbury has accused chancellor George Osborne of lacking the political will to break up the big banks. The Most Rev Justin Wel...

Lloyds Bonuses Will Be 'Lowest Of Any Bank'

PA | Posted 04.02.2013 | UK

Bonuses at part-nationalised Lloyds will be the lowest of any bank this year, its chairman told MPs and peers. Sir Winfried Bischoff said the bank'...

Archbishop Will Keep Tyrie Banking Inquiry Place

PA/The Huffington Post UK | Posted 09.11.2012 | UK Politics

The new Archbishop of Canterbury will continue to apply the expertise he has acquired from his two careers to the overhaul of banking standards, it wa...

Banking Scandals Once Again Highlight the Need for Fundamental Changes

Richard Lloyd | Posted 28.11.2012 | UK
Richard Lloyd

Two big banking scandals have been back in the headlines this week, reminding us how much Big Change is needed in the industry to put customers first, not bankers. With more than 2.2 million new Payment Protection Insurance (PPI) complaints being made in the first six months of this year alone, PPI is now the biggest financial scandal of all time.

Banking Standards Commission Is Bungling Gender

Andrew Newton | Posted 16.11.2012 | UK
Andrew Newton

There's a question that has been bobbing around like a party balloon since it was first aired at the 2009 World Economic Forum in Davos: would the global financial crisis have occurred if, instead of Lehman Brothers, there had been Lehman Sisters.