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Note that - in the UK at least - I believe there are already minimum standards specified; different banks conform to them without having to define their own. If a bank says 'we've defined our own', alarm bells ring in my head. It suggests that there's something in the agreed standards that that bank doesn't like (and probably doesn't conform to).

Could anyone replace the highlighted sentence with your own so that I could understand?
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If a bank works to its own standards and not the accepted industry standards, that worries me. It makes me think that the bank isn't able to meet the usual standards.
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Nona The BritIf a bank works to its own standards and not the accepted industry standards, that worries me. It makes me think that the bank isn't able to meet the usual standards.
Thank you. Now, I understand.