Banking Standards Board

The Banking Standards Board (BSB) is a body established in 2015 in the United Kingdom, to promote good practice among banks and building societies. It is funded by subscriptions from the institutions themselves. It is chaired by Dame Colette Bowe, with Sir Brendan Barber as vice-chair.^[1] Barber's appointment was confirmed following the resignation of Lord McFall in February 2016.^[2]

The organisation's website states:

Banks and building societies operating in the UK recognise that some firms in the industry have let themselves, their customers and the industry down. The BSB aims to help to raise standards of behaviour and competence across the industry by providing independent challenge and support to member banks and building societies.^[3]

The Board's first reports on member banks were published in December 2015.^[4]

References

1. "Meet the Board", Banking Standards Board. Retrieved 18 June 2016
2. Jill Treanor, "Banking Standards Board confirms exit of deputy chairman", The Guardian, 19 February 2016. Retrieved 18 June 2016
3. "What is the BSB?", Banking Standards Board. Retrieved 18 June 2016
4. Jill Treanor, Larry Elliott, "UK banks receive first report cards from Banking Standards Board", The Guardian, 29 December 2015. Retrieved 18 June 2016

External links

• Dame Colette Bowe and Lord McFall, "A new catalyst for positive change across the banking industry", The Telegraph, 12 April 2015