The Chartered Body Alliance has urged regulators, firms and professional bodies to work together to tighten the fitness and propriety assessments of financial services professionals.
Made up of the Chartered Insurance Institute (CII), the Chartered Institute for Securities and Investment (CISI) and the Chartered Banker Institute (CBI), the alliance wants processes to be tightened to ensure information loopholes are closed to prevent "bad apples" from re-circulating within the industry. The body set out its proposals in response to the Banking Standard Board (BSB) consultation on certification and risk, which provided guidance in the area. It called on the BSB to tighten its guidance in three specific areas: 1 Professional membership issues The Chartered Body ...
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