Responding to the Parliamentary Commission on Banking Standards' report Changing Banking for Good, BBA Chief Executive Anthony Browne said:
“This is the most significant report into banking for a generation. There has already been a huge amount of change in the industry since the financial crisis but the banks recognise that more needs to be done. Regaining trust is an absolute priority - we want the UK’s banking industry to once again set the gold standard for professionalism and integrity.
“We look forward to working with Government and regulators to take forward the constructive proposals contained in the report, learning the lessons of recent years in order to deliver a banking industry which is trusted, financially sound and serves the interests of its customers, shareholders and society.”