Cracking the Combined Code

Following the recent failures of the banking system, the Walker Review rightly recommends greater transparency and engagement

Sir David Walker’s review of corporate governance in the UK banking industry has been the subject of significant publicity and comment since the publication of his lengthy consultation paper on 16 July 2009. Given the recent failures in the banking system, particular focus has understandably been placed on those issues that have been viewed as significant contributing factors to the financial crisis, including Walker’s recommendations for greater transparency in banking sector pay and recommendations relating to management of risk and accountability at board level. The remit of the revie...