The body set up to help restore public trust in financial institutions will be working on developing a set of behavioural standards for the UK banking sector over the next 12 months, according to its chair.

Speaking at the FT Banking Standards Conference in London on March 8, Dame Colette Bowe, chair of the UK's Banking Standards Board, said: "We are, after all, called the Banking Standards Board and we will be doing work on standards in the coming year."