Warwick’s Chancellor, Sir Richard Lambert, is to lead a new organisation monitoring standards in the UK banking industry. Sir Richard has been appointed by the banks but will act independently of them and not lobby on their behalf. He will consult government, regulators, banks and consumer groups to develop the new body.
The appointment was announced in a joint statement by the chairmen of the five largest UK banks: Barclays, HSBC, Lloyds, Royal Bank of Scotland (RBS) and Standard Chartered.
Sir Richard, CBI director general between 2006 and 2011, is also a former editor of the Financial Times and an ex-member of the Bank of England's interest rate-setting Monetary Policy Committee.
For more on Sir Richard’s appointment, see www.bbc.co.uk/news/business-24170812