Industry & Business

Changing Banking Culture in Ireland

 Breaking News
  • Pioneering Proteomics Researcher and Entrepreneur Receives the NovaUCD 2018 Innovation Award The NovaUCD 2018 Innovation Award has been presented to University College Dublin’s (UCD) Professor Stephen Pennington (pictured), a global leader in proteomics (the study of proteins) research and innovation. The Award was presented to him in recognition of his commitment and success in protein biomarker research, undertaken during the last 15-years at the UCD School [...]...
  • National Manufacturing & Supply Chain Conference & Exhibition 2019 – Thursday, January 17th – Citywest Hotel, Dublin Approximately 3,000 people from all over Ireland are expected to visit the 2019 National Manufacturing & Supply Chain Conference & Exhibition at the Citywest Hotel, Dublin on Thursday, January 17th, making the event the largest gathering of the manufacturing and supply chain community in the country. Now in its sixth year, the National Manufacturing and Supply [...]...
  • DIT Launches New MSc in Transport and Mobility Over 250 million journeys were taken by passengers on Irish public transport services in 2017, and with the population set to increase, this number is likely to continue growing in the coming years. Dublin Institute of Technology (DIT) has launched Ireland’s first ever MSc programme in Transport and Mobility designed to equip graduates with the knowledge [...]...
  • Swedencare Expanding Operations in Ireland Swedencare AB, which acquired the Nutri-Science brand, product range and manufacturing facility in Waterford in November 2016, has moved into new, larger premises, which was purchased earlier this year, in the city which it has redeveloped to more than double its capacity and secure and expand its workforce presence in Waterford. NutriScience was originally an Irish [...]...
  • PREM Group Acquires Majority Stake in Rate Wise International hotel and hospitality management company PREM Group has taken a significant equity stake in Rate Wise. Rate Wise was originally founded in Dublin by software developer Niall O’Meara and quickly became a leading rate management tool working with 76 hotel and serviced apartment clients across 9 countries including Ireland, the UK, Belgium, Netherlands, Hong [...]...

Changing Banking Culture in Ireland

Changing Banking Culture in Ireland
December 04
09:41 2018

The Irish Banking Culture Board (IBCB) Establishment Office has announced that Justice John Hedigan has been appointed to the role of Chairman of the new independent IBCB. The Board is an initiative of the banking industry which is aiming to rebuild trust in the sector and embed a customer-first culture.

The appointment follows a competitive process led by an independent selection panel comprising Dame Colette Bowe, Chair of the Banking Standards Board in the UK, Sir Callum McCarthy, former Head of the Financial Services Authority in the UK, and Dr Martin McAleese, former member of Seanad Éireann.

Justice John Hedigan was, until his recent retirement, a judge of The Court of Appeal in Ireland. Prior to that, he was a judge of The High Court from 2007 until 2016. From 1998 until 2007 he was a judge of The European Court of Human Rights.

In establishing the IBCB, the Chair will draw on the findings of a comprehensive consultation process announced in September this year to shape the purpose, structure and initial terms of reference of the independent Board. This process included a banking staff survey, an online public consultation (at www.yoursaybankingculture.ie) and stakeholder interviews with representatives from wider Irish society.

Colette Bowe, Chair of the selection panel for the appointment, said: “I am delighted that John has agreed to become the first Chair of the Irish Banking Culture Board.  His professional experience and strong interest in improving banking culture for the good of Irish society will ensure that the IBCB gets off to the best possible start and I wish him every success in the role.”

Justice John Hedigan said: “I am honoured to have been appointed as Chair of the Irish Banking Culture Board. This is a challenging but most worthy endeavour. I am greatly looking forward to working with the new Board and engaging with all stakeholders, particularly bank customers, in facilitating and encouraging the highest standards of ethical conduct in this vital industry.”

Marion Kelly, Programme Director of the IBCB Establishment Office, said: “I am very pleased that the IBCB will be chaired by John Hedigan. John recognises that people’s confidence in the Irish banking sector has been shaken and the creation of this independent Board is part of a determined effort by the banks to introduce real and lasting cultural reform, for the benefit of those who matter most: bank customers. John’s extensive legal experience, including nine years on The European Court of Human Rights, makes him well qualified to be the first IBCB Chair.”

Justice John Hedigan will take up his role at the IBCB in January 2019. The IBCB Chair will be accountable to the independent Board, who will evaluate performance on an ongoing basis.

The ongoing public consultation (www.yoursaybankingculture.ie) to inform the establishment of the IBCB will close on Monday 10th December at 5 pm. The full findings of the wider consultation process will be published in Spring 2019.

About Author

admin

admin

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4