The Chartered Banker Professional Standards Board (CBPSB) is a joint initiative between a number of UK banks and the Chartered Banker Institute. Its aim is to improve customer confidence in individual bankers through achieving professional standards. The CBPSB professional standards have no statutory force, rather they seek to complement and build on basic standards of competence and conduct set by regulators and promote higher standards of professionalism for those working in banking.
On 15 August 2018, the CBPSB published guidance to support the implementation of the advanced standard for professional bankers. The advanced standard sets an exacting benchmark, detailing the CBPSB’s expectations of senior and experienced banking practitioners. The guidance aids firms in benchmarking their mechanisms for implementing the advanced standard; defining a sustainable and effective approach to implementing the advanced standard within their organisation; and monitoring and evidencing the advanced standard.