Daily News: November 27, 2013

Reuters: Banks Should Adopt Voluntary Standards, Survey Finds

Reuters reported an industry survey finds the financial services industry should adopt voluntary standards to restore bank trust and create a “third way” between self-regulation and over-regulation from authorities.

Reuters said the report, titled “Backing Market Forces,” jointly commissioned by the British Standards Institution (BSI), the UK National Standards body, and the Chartered Institute for Securities & Investment, also in the UK, found broad support within the financial services industry for voluntary standards.

To read the entire Reuters article, click here.