The Chartered Banker Institute has responded to the high level of scrutiny focused on culture and conduct in banking by publishing a revised Code of Professional Conduct and updating its Foundation Standard for Professional Bankers.
Established in 2011 by the Chartered Banker Institute, the world’s oldest professional body for bankers, with nearly 30,000 members, the Chartered Banker Professional Standards Board (CB:PSB) has developed and implemented, with the UK’s leading banks, professional standards for individual bankers. With further scrutiny on culture and conduct in 2016, the CB:PSB has published a revised Chartered BankerCode of Professional Conductand updated Foundation Standard for Professional Bankers.
These publications reinforce the importance and relevance of the CB:PSB’s work and demonstrate alignment with the PRA and FCA’s Individual Accountability Regime (IAR). The CB:PSB’s work goes considerately beyond regulatory requirements, however, enabling banks and bankers not only to demonstrate accountability but also the exacting professional conduct and expertise standards set by the CB:PSB, with support from the CB:PSB’s independent Advisory Panel.
If you'd like to read more about the developments at the Institute, please visit their website.