UK Finance has announced that the independent Lending Standards Board (LBS) has been selected to oversee the new Access to Banking Standard. The LSB will oversee the operation of the standard, and ensure that the 12 banks and building societies that have signed up to it fulfil their requirements, and that the intended outcomes for customers are reached. The LSB will independently monitor and report on the standard’s application by those banks and building societies, and will identify and share best practice.

View LBS to oversee UK Finance access to banking standard, 20 July 2017