The former CBI boss Sir Richard Lambert is expected to make recommendations today aimed at rehabilitating the battered reputation of British banking.
Sir Richard will call for the establishment of a body called the Banking Standards Review Council (BSRC).
The BSRC will be paid for by Britain's big banks, but is intended to remain independent of them.
Among its areas of responsibility will be the monitoring of banking culture, including how well employees understand codes of conduct.
The council will also scrutinise the competence of bank employees and their professional qualifications.
It is also expected to examine data related to customer satisfaction and complaints.
The recommendations follow an eight-month-long project led by Sir Richard.
A string of recent scandals have damaged the City's reputation It also follows a string of mis-selling and market-rigging scandals which have tarnished the reputation of the banking industry.
Sky's City Editor Mark Kleinman revealed on Sunday that Sir Richard's announcement will include a comment made by the chairmen of seven major high street lenders.
The statement is expected to read: "The chairmen of Barclays, HSBC, Lloyds Banking Group, Nationwide, Royal Bank of Scotland, Santander and Standard Chartered welcome the publication of Sir Richard's final report.
"It confirms that there is a role for a new Banking Standards Review Council in restoring trust amongst customers and clients.
"They accept his recommendations and undertake to implement them expeditiously."
The Governor of the Bank of England, Mark Carney, has also agreed to chair a selection panel that will be responsible for identifying the inaugural chairman of the BSRC.
Mr Carney will be joined on the panel by two or three other public figures, and they will be asked to identify a suitable chairman who is perceived to be entirely independent of the banking industry.
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