Home > DocuBase > Article

« All DocuBase Articles


Follow DocuTicker on Twitter   Feed

Friday, 21st June 2013

UK: Changing Banking for Good

Source: Parliamentary Commission on Banking Standards (UK)

Key recommendations:

A new Senior Persons Regime, replacing the Approved Persons Regime, to ensure that the most important responsibilities within banks are assigned to specific, senior individuals so they can be held fully accountable for their decisions and the standards of their banks in these areas;

A new licensing regime underpinned by Banking Standards Rules to ensure those who can do serious harm are subject to the full range of enforcement powers;
A new criminal offence for Senior Persons of reckless misconduct in the management of a bank, carrying a custodial sentence;

A new remuneration code better to align risks taken and rewards received in remuneration, with much more remuneration to be deferred and for much longer;

A new power for the regulator to cancel all outstanding deferred remuneration, along with unvested pension rights and loss of office or change of control payments, for senior bank employees in the event of their banks needing taxpayer support, creating a major new incentive on bankers to avoid such risks.

+ Volume I (PDF; 606 KB)

+ Volume II (PDF; 2.6 MB)

+ Press Release



Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

Adrian can be reached at adrian.janes@freepint.com

More articles by Adrian Janes »

Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.

« All DocuBase Articles



FreePint supports the value of information in the enterprise. Read more »

FeedLatest FreePint Content:

  • Click to view the article FreePint Newsletter 432 Published
    Thursday, 8th October 2015

    FreePint Newsletter 432 has been published. This month we're launching our Topic Series "News, and Other Commodities" - find out more and register for updates as the series progresses.

  • Click to view the article My Favourite Tipples from a Jisc Digital Specialist
    Thursday, 8th October 2015

    My Favourite Tipples are shared by Penny Robertson, account manager for Jisc Scotland. She shares her favourite online resources in areas from homeworking to digital information curation and reliable sources of guidance & information.

  • Click to view the article Intellectual Property Protection in a Digital World
    Wednesday, 7th October 2015

    Co-producer of the the FreePint Topic Series "All About Usage - From Content Sharing to Data Mining", Anja Thygesen, reflects on the latest FreePint reports and articles in the series and how they shed light on the complex subject of protecting intellectual property.

  • ... more ...

All FreePint Content »
FreePint Topics »

A FreePint Subscription delivers articles and reports that support your organisation's information practice, content and strategy.

Find out more and order a FreePint Subscription by visiting the
completing our online form: Subscription Order page.

FreePint Testimonials

"I found the Communities of Practice session one of the most valuable I have attended. It's helpful to talk to so many people who worry about ..."

Read more testimonials and supply yours »




Receive the DocuTicker Newsletter each week.

Find out more »

Article Categories

All Article Categories »


All DocuBase Sources »

Source Categories

All Source Categories »


All Archives »