CII response to the Banking Commission

19 June 2013

CII CEO Dr Sandy Scott said: "It is clear from the Commission evidence and recommendations that the level of ethical and professional conduct in investment banking has been deficient".

"The CII believes, like the Commission, this requires the championing of robust professional standards - which go beyond qualifications - by properly resourced and committed professional bodies

"Since 2008 the CII has led the way in developing professional standards for investment advisers in all four high street banks. This includes mandatory qualifications, continuous professional development (CPD) and a commitment to a code of ethics and consequent disciplinary sanctions. With over 112,000 members, the CII, is the largest professional body in the financial services sector and is well placed to meet the public interest demands which the Commission has identified for improved standards in banking. We will actively look to engage using our scale, history and expertise to help develop professional standards in the future."

Press release

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