With regard to bank directors, the Committee recommends that the Financial Services Authority should assess whether they possess relevant qualifications. The Committee's view is that banking qualifications should become one of the core indicators against which the FSA assesses a candidate’s competence for acting as a bank director. The Committee notes, however, a potential risk that may arise from greater FSA oversight of bank directors: the crowding out of due diligence by others.
The Committee's earlier reports are available here:
No comments:
Post a Comment