Written question asked by Viscount Thurso (Liberal Democrat) on Thursday, 14 June 2018, in the House of Lords. It was due for an answer on Thursday, 28 June 2018. It was answered by Lord Bates (Conservative) on Thursday, 28 June 2018 on behalf of the Treasury.
Banks: Standards
- Question
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To ask Her Majesty's Government what assessment they have made of the impact of those recommendations of the Parliamentary Commission on Banking Standards that were put into law through the provisions of the Financial Services (Banking Reform) Act 2013.
- Answer
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The Government has made significant steps to reform the financial services sector following the financial crisis, including by implementing the major recommendations of the Parliamentary Committee on Banking Standards (PCBS). The Financial Services (Banking Reform) Act 2013 implemented several of the PCBS’s recommendations. This includes the introduction of the Senior Managers and Certification Regime, which takes action on individual accountability and misconduct, the establishment of the Payment Systems Regulator, and giving the Prudential Regulation Authority a secondary competition objective. The Government continues to monitor the impact of these reforms.
Secondary information
- Type
- Written question
- Reference
- HL8669
- Session
- 2017-19
- Subjects
- Banks Standards Parliamentary Commission on Banking Standards
- Legislation
- Financial Services (Banking Reform) Act 2013
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-05-03 11:55:21 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL8669
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL8669
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2017-19/HL8669