Banking Standards Board

The Banking Standards Board (BSB) was 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 [1] and the subsequent Lambert Review,[2] 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. The BSB was renamed the Financial Services Culture Board and then closed in June 2023.[3]

  1. ^ "Banking Commission publishes report on changing banking for good - News from Parliament". UK Parliament.
  2. ^ "Banking Standards (Lambert Review)" (PDF).
  3. ^ Allesch-Taylor, Professor Stefan (18 October 2023). "Why did City banks quietly shutter their ethics watchdog?". Evening Standard. Retrieved 19 October 2023.