Chartered bodies push for better information sharing about individuals

CII, CISI and CBI form alliance

Victoria McKeever
clock • 2 min read

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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Sector divided on Reeves' pullback on Cash ISA reform

Sector divided on Reeves' pullback on Cash ISA reform

‘A big win for defenders of a broken system’

Sorin Dojan
clock 11 July 2025 • 2 min read
FCA flags progress on internal DEI targets and urges action on Consumer Duty

FCA flags progress on internal DEI targets and urges action on Consumer Duty

According to the FCA report 2024-2025

Sahar Nazir
clock 11 July 2025 • 2 min read
FCA reviewing client categorisation rules to distinguish retail investors from the pack

FCA reviewing client categorisation rules to distinguish retail investors from the pack

Goal of 40 more initiatives to be completed by year end

Eve Maddock-Jones
clock 10 July 2025 • 2 min read