Sir Richard Lambert
Media playback is unsupported on your device

'Banking standards body must be independent and robust'

The chairman of a new banking standards body has told the BBC more about what his organisation will do.

Former CBI head, Sir Richard Lambert, said: "The role will be to raise standards and competence... how banks measure the performance of their people and their adherence to codes of conduct and moral judgements."

Sir Richard Lambert has been appointed by the six biggest banks but said, "It has to be independent... so it looks and feels robust and people will say, 'They're not a bunch of patsies'. Without that it will have no credibility."

  • 20 Sep 2013
Go to next video: New bank monitor will be 'rigorous'