New UK bank standards body to be launched this year

LONDON, May 19 (Reuters) - A new standards body for Britishbankers will be launched later this year with a chairmanappointed by an independent panel led by Bank of EnglandGovernor Mark Carney.

Richard Lambert, a former director general of theConfederation of British Industry, who was tasked with settingthe body up, said it would be a champion for better bankingstandards in the UK.

"Rebuilding confidence and trust in the banks is especiallyvital in the UK, because of the size of the banking system andthe importance to the economy of London's role as aninternational capital market," Lambert said. (Reporting by Matt Scuffham; Editing by Pamela Barbaglia)