Difference between revisions of "Banking Code Standards Board"
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| − | The [[Banking Code Standards Board]] (BCSB) is a self | + | 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. <ref> Telegraph 18th May 2005 [http://www.telegraph.co.uk/finance/personalfinance/2915822/Banks-face-crackdown-on-irresponsible-lending.html Banks face crackdown on irresponsible lending] accessed 20th August 2009 </ref> |
== References == | == References == | ||
<references/> | <references/> | ||
[[Category:Financial sector lobbying]] | [[Category:Financial sector lobbying]] | ||
Latest revision as of 16:04, 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
