Motion · S4M-01400 · 21 Nov 2011

Raising Ethical and Professional Standards in Banking

Lodged by John Park Standard Motion 19 supporters

The motion

That the Parliament welcomes the recent launch of the Chartered Banker Professional Standards Board (CB:PSB), supported by the oldest professional banking body in the world, the Chartered Banker Institute, and its aim to increase ethical awareness and professional competence for those in the banking industry; considers this a positive step that the initial signatories to the board, serving more than 70 million customers and employing more than 350,000 people in the UK, have taken toward rebuilding trust with customers; looks forward to the board defining, for the first time, an agreed set of industry-wide ethical and professional standards for the sector; sees increased professionalism and responsibility in banking as vital to its stability and prosperity and in turn its value to society, and urges the remaining banking organisations that have not yet signed up to the board to do so without delay.

Supporters (19)

Source: the Scottish Parliament motions and amendments record.