Unity Trust Bank, the specialist bank for organisations and businesses that aim to create community, social or environmental benefit, has joined the Banking Standards Board (BSB).
Chaired by Dame Colette Bowe, the Banking Standards Board is funded by the industry to hold the industry itself to account by providing independent challenge and support to member banks and building societies as they seek, individually and collectively, to raise standards of behaviour and competence. It was established in April 2015 and opened to all banks and building societies at the beginning of 2016.
Banks and building societies are under no obligation to become members so those that do are making an important voluntary affirmation of their commitment to raising standards and restoring trust in the UK banking sector.
Darrin Nightingale, Director, Customer Propositions & Corporate Affairs, Unity Trust Bank commented:
“Unity Trust Bank has always set high standards and believes firmly in the importance of ensuring those standards reflect in everything we do. Joining the Banking Standards Board allows us further cement our commitment to the values and best practices of the organisation.
“By joining the BSB, we are aligning ourselves with an impressive set of like-minded firms who share our goals of consistent improvement and meeting the high standards that customers expect.”
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BSB Chief Executive, Alison Cottrell, added:
“All banks and building societies that join the Banking Standards Board are making a positive statement about their willingness to work, individually and collectively, to raise standards of behaviour and competence across the sector. We are pleased to welcome Unity Trust as a member of the BSB and as part of this important initiative.”