Richard Lambert to Lead New UK Banking Standards...

PARN Global News Article - 15 October 2013

Richard Lambert to Lead New UK Banking Standards Body

Sir Richard Lambert, the former head of the business lobby group the CBI, has been appointed head of a new banking standards body to be funded by the financial industry as recommended by parliament.
Commenting on his appointment, he said:

"The new professional body will be independent of the banks, 
  and will cover all sectors of the industry. I hope it will be supported 
  by all banks and building societies doing business in the UK."


We caught up with our member, the Chartered Banker Institute, which has throughout its existence promoted professional standards for bankers and provided professional and regulatory qualifications for retail, commercial and private bankers in the UK and overseas.


The Institute played a key role in the creation of the Chartered Banker Professional Standards Board (CB:PSB), a voluntary initiative supported by eight of the UK's leading high street banks to promote a culture of professionalism amongst individual bankers. The CB:PSB member banks serve more than 70 million UK customers and employ more  than 350,000 individuals in the UK.


Commenting on Sir Richard's appointment, Simon Thompson, Chief Executive of the Chartered Banker Institute and Chair of the CB:PSB's Professional Standards Committee said:

"On behalf of the many tens of thousands of individuals who have already made a personal commitment to higher standards, my colleagues and I at the Chartered Banker Institute look forward to working with Sir Richard to build on the achievements of the Institute and CB:PSB to date. Sir Richard Lambert is an outstanding individual and can command the confidence and trust of the public and the many organisations involved including the Institute."


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