A former trade union boss has been named deputy chair of an influential body tasked with improving standards of behaviour in the Square Mile and restoring the public’s trust in financial institutions.
The Banking Standards Board (BSB) announced today that Sir Brendan Barber would take the number-two role on the board, replacing former Treasury Select Committee chairman Lord McFall.
Dame Colette Bowe, a former chair of the communications regulator Ofcom, chairs the BSB.
Barber was general secretary of the Trades Union Congress (TUC) from 2003 to 2012.
The BSB is expected to publish its first thematic review of UK banking standards next week.