Independent report

The government's response to the Parliamentary Commission on Banking Standards

This publication sets out the government’s response to the Parliamentary Commission on Banking Standard’s final report 'Changing banking for good'.

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This publication marks the next step in the government’s plan to move the UK banking sector from rescue to recovery, and to build a banking sector that upholds the high standard of ethics and professionalism that society expects and underpins a strong, safe and successful banking system that supports the economy.

The government endorses the principal findings of the Commission’s report, and intends to implement its main recommendations to address the failings the Commission identified on strengthenng individual accountability, reforming corporate governance, supporting competition and enhancing long term financial stability.

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