Banks need to raise game to win back trust say new banking standards bosses
THE head of a new body set up to restore trust in Britain's banks has urged the industry to "raise its game" as its board members were unveiled.
Dame Colette Bowe, chairman of the new Banking Standards Board and a former chairman of Ofcom, will be joined on the board by the likes of Institute for Fiscal Studies director Paul Johnson, former TUC general secretary Sir Brendan Barber and Citizens Advice chief executive Gillian Guy.
Bowe said: "Banks recognise the urgent need to raise their game.
"It will not happen overnight and it will be an uncomfortable journey but the time has come to win back trust."
