UK: Banking Standards Board publishes its 2017/18 annual review

The Banking Standards Board has published its 2017/18 annual review: see here. This includes the results of the BSB's survey of behaviour, competence and culture in UK banks and building societies. The survey received over 36,000 responses, from those working in 25 institutions, with 750 people taking part in focus groups.  Just over a quarter of respondents reported that working in their organisation was having a negative impact on their health and well-being.  49% of employees said that people in their organisation did not get defensive when their views were challenged; 27% reported that they would be worried about negative consequences if they raised concerns about the way their organisation operated.

UK: Banking Standards Board panel event on law, ethics and culture in banking

Earlier this week the Banking Standards Board organised a panel event titled 'Worthy of Trust?' Law, Ethics and Culture in Banking'. The Panel comprised the Governor of the Bank of England, the President of the New York Federal Reserve and the Lord Chief Justice of England and Wales. A recording of the event was made and is available below: