BIP Features »

July 10, 2020 – 8:00 am |

A Coventry-based driverless vehicle specialist has beaten off some of the world’s largest car brands and manufacturers to secure Autocar’s Innovation Award.
Go to the main page

Read the full story »
BIP business guides & tools

Please register/login to access content

BIP Access to Finance

Access to Finance,Grants & Business Support

BIP Features

West Midlands business highlights, opportunites and networking

Bips and Pieces

All the best from the web handpicked out by our team, including the World of tech

Business News

Latest West Midlands news affecting your business

Home » Business News

Putting The Customer Front And Centre Is Best Way To Rebuild Public Trust In Banking…

Submitted by on July 9, 2013 – 9:51 am |

Matthew Fell, CBI Director - Putting The Customer Front And Centre Is Best Way To Rebuild Public Trust In Banking...The CBI commented on the Government’s formal response to the recent report from the Commission on Banking Standards.

Matthew Fell, CBI Director for Competitive Markets, said:

“Britain needs a healthy and sustainable banking system to help drive our economy, so putting the customer front and centre, and boosting competition, is the best way to rebuild public confidence.

“The Chancellor has rightly kept the emphasis on lifting culture and standards through strong individual accountability and robust corporate governance. An extended licensing regime, aligning pay with long-term performance and enforcing the tough sanctions that already exist for those who step out of line, can only help make this a reality.

“Giving the Prudential Regulatory Authority a competition objective will keep barriers low to new players entering the market.

“The leverage ratio can be a useful back-stop, but it is a pretty blunt tool and must not bite into banks’ ability to lend.

“The Banking Reform Bill gives the Government a vehicle to make these changes quickly, so the sector can then focus on its primary role of financing growth.”

Go to the main page

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

We use Cookies - By using this site or closing this you agree to our Cookies policy.
Accept Cookies