Former cabinet minister Lord Hunt has been approached to lead the creation of a new banking standards body

The chairman of the Press Complaints Commission (PCC) is being lined up to orchestrate the creation of a new banking standards body that would have the power to ban individuals found guilty of malpractice. (Sky News) have learned Lord Hunt of Wirral has been approached by the British Bankers’ Association (BBA) to help draw up a framework for the independent body. He is also being sounded out about becoming its inaugural chairman. The approach to Lord Hunt was made by Anthony Browne, the new BBA chief executive, several weeks ago. The Conservative peer would be a logical choice for the role. A former senior partner of Beachcroft, the law firm, he specialised in the insurance and financial services sectors throughout a career dating back to the 1960s. Now chairman of the Lending Standards Board, another banking sector body, Lord Hunt also has vast experience of developing professional bodies across a wide range of industries, including the legal profession.....Read more here: Exclusive: Bankers Court PCC Chairman