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Banking Standards Board
The Banking Standards Board (BSB) is a body established in April 2015 in the United Kingdom, to promote good practice among banks and building societies. The original idea for the body came from the work of the Parliamentary Commission on Banking Standards and the subsequent Lambert Review, which called for a new type of organisation, different from traditional regulators, that would look at banking standards, culture and the root causes of poor behaviour. Governance The organisation is funded by the banks, but acts independently of them through its mission and a board composed primarily of non-bankers. The first chair of the BSB was Dame Colette Bowe. She was appointed by a selection committee chaired by the Governor of the Bank of England, Mark Carney. She was followed as chair by Susan Rice (banker) in 2019. Sir Brendan Barber serves as vice-chair, and Alison Cottrell is the CEO of the organisation. The work of the BSB The BSB conducts annual assessments of culture an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many List of islands of the United Kingdom, smaller islands within the British Isles. Northern Ireland shares Republic of Ireland–United Kingdom border, a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Building Societies
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies exist in the United Kingdom, Australia and New Zealand, and used to exist in Ireland and several Commonwealth countries. They are similar to credit unions in organisation, though few enforce a common bond. However, rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Great Britain from cooperative savings groups. In the United Kingdom, building societies actively compete ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dame Colette Bowe
Dame Mary Colette Bowe (born 1946) is an English entrepreneur and former civil servant. Born in Liverpool, Bowe has a PhD in economics from Queen Mary University of London. In her executive career, she was in the UK civil service from 1975 to 1987. She was involved in the Westland affair as she was ordered by her boss, Leon Brittan, the Secretary of State for Trade and Industry, to leak a letter highly damaging to Michael Heseltine. As she was the chief information officer at the Department of Trade and Industry, it led to Brittan's resignation from the cabinet as well. In an interview given to Charles Moore for his authorised biography of Margaret Thatcher, Bowe ended her long-standing refusal to discuss the issue having not said before who had ordered the leak. She was chairman of Ofcom from 2009 to 2014, chairman of Electra Private Equity plc from 2010 to 2014 and chairman of the Council of Queen Mary University of London from 2004 to 2009. She has also served on the board ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Carney
Mark Joseph Carney (born March 16, 1965) is a Canadian economist and banker who served as the governor of the Bank of Canada from 2008 to 2013 and the governor of the Bank of England from 2013 to 2020. Since October 2020, he is vice chairman and head of Impact Investing at Brookfield Asset Management. He was the chair of the Financial Stability Board from 2011 to 2018. Prior to his governorships, Carney worked at Goldman Sachs as well as the Department of Finance Canada. Early life Carney was born on March 16, 1965, in Fort Smith, Northwest Territories, the son of Verlie Margaret (née Kemper) and Robert James Martin Carney. When Carney was six, his family moved to Edmonton, Alberta. Carney has three siblings — an older brother and sister, Seán and Brenda, and a younger brother Brian. Carney attended St. Francis Xavier High School, Edmonton before studying at Harvard University. Carney graduated from Harvard in 1988 with a bachelor's degree with high honours in economics ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Susan Rice (banker)
Dame Susan Ilene Rice, Lady Rice, (née Wunsch; born 7 March 1946) is a British banker and head of the Scottish Fiscal Commission. In 2000 she became the first female leader of a British clearing bank. She is the chair of Scottish Water and a member of the Banking Standards Board. Early life Susan Ilene Wunsch was born on 7 March 1946 and grew up in Rhode Island, in the United States. She studied biology and philosophy of science at Wellesley College, Massachusetts, United States, graduating in 1967 with a Bachelor of Arts. At Wellesley she met Scottish historian Duncan Rice; they married shortly after her graduation and they moved to Scotland together. She then studied philosophy of science at University of Aberdeen, gaining a Master of Letters in 1970. Rice and her husband returned to the United States. She initially became a medical researcher then an administrator in molecular biology Saybrook College at Yale. She was the Dean of Saybrook College, Yale University (1978� ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sir Brendan Barber
Sir Brendan Paul Barber (born 3 April 1951) is a British trade union official. He served as chair of the Advisory, Conciliation and Arbitration Service (ACAS) Council until 2020. He is a former general secretary of the United Kingdom's Trades Union Congress (TUC); a post he held from June 2003 until his retirement at the end of 2012. He was appointed Acas Chair in 2014, replacing Ed Sweeney, who had been in the post since 2007. He also serves on the board of the Banking Standards Board (2015–), the Board of Transport for London (2013–), the board of Britain Stronger in Europe (2015–), the Council of City University, London and the board of Mountview Academy of Theatre Arts (2014–). Early life Born in Southport, Lancashire, Barber was educated at St Mary's College, Sefton (then a direct grant grammar school). Between school and university, he spent a year with VSO teaching in the Volta Region of Ghana. At City University London, he earned a BA hons in social science ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alison Cottrell
Alison Cottrell, is the CEO of the Banking Standards Board and formerly a British civil servant who worked for HM Treasury as joint Director for Financial Services and Director for Corporate Services, in which capacity she was a member of the Board of the department. She was appointed Companion of the Order of the Bath (CB) in the 2015 New Year Honours The New Year Honours 2015 were appointments by some of the 16 Commonwealth realms to various orders and honours to recognise and reward good works by citizens of those countries. The New Year Honours are awarded as part of the New Year celebrati .... References {{DEFAULTSORT:Cottrell, Alison British civil servants Companions of the Order of the Bath HM Treasury Year of birth missing (living people) Living people Place of birth missing (living people) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gillian Tett
Gillian Tett (born 10 July 1967) is a British author and journalist at the ''Financial Times'', where she is chair of the editorial board and editor-at-large, US. She has written about the financial instruments that were part of the cause of the financial crisis that started in the fourth quarter of 2007, such as CDOs, credit default swaps, SIVs, conduits, and SPVs. She became renowned for her early warning that a financial crisis was looming. Education Tett was educated at the North London Collegiate School, an independent school for girls in Edgware, in the London Borough of Harrow in northwest London, during which time, at the age of 17, she worked for a Pakistani nonprofit.McKenna, Brian (2011Bestselling Anthropologist "Predicted" Financial Meltdown of 2008, ''Society for Applied Anthropology Newsletter'' After leaving school, Tett went to Clare College, Cambridge, where she earned a PhD in Social Anthropology based on field research in Tajikistan in the former Soviet Un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 2015
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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