Assessments sent to Barclays,HSBC, Lloyds, and RBS,Santander, Standard Chartered, and Nationwide,Metro, Citi and Morgan StanleyBritain’s major banks acquire received their first report cards from the body set up to improve standards and bolster the industry’s reputation in the wake of the Libor-rigging crisis.
Dame Colette Bowe, or chair of the Banking Standards Board (BSB),likened the assessments of the behaviour and culture inside the major banks to the reports delivered by auditors, which are signed off by the partner at the accountancy firm which has assessed their books and is included in their annual reports. The BSB will publish its own annual report in the spring. Continue reading...
Source: theguardian.com