Reflecting the CB:PSB’s status as a professional standards body for the whole of the UK banking industry, the founder members of the CB:PSB established the initiative on a quasi-independent basis, under the auspices of the Chartered Banker Institute.

The CB:PSB reports progress to stakeholders and the wider public, on an annual basis, via the CB:PSB’s annual review. The initiative is funded by CB:PSB firms on a restricted fund basis, meaning that funds received may only be used to support the CB:PSB’s work. The Institute provides a dedicated Professional Standards Team to support and provide expertise to all activities related to the CB:PSB.