Difference between revisions of "Banking Code Standards Board"
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Revision as of 15:39, 20 August 2009
The Banking Code Standards Board (BCSB) is a self--regulatory body that reviews and updates the voluntary code and checks compliance by member companies. It does not have the statutory powers of the Financial Services Authority (FSA). If a member is found to be in breach of its guidelines, the BCSB has the right to discipline it. This usually involves "naming and shaming" the lender in the media. [1]
References
- ↑ Telegraph 18th May 2005 Banks face crackdown on irresponsible lending accessed 20th August 2009
