An outline proposal to the major UK retail banks for the funding and participation in a project designed to test the operation and viability of a neutral outsourced branch model which would provide basic transactional and information services to customers of all major banks on a shared cost basis, potentially achieving significant cost savings for participating banks.

The implementation and applicable use by the industry of White Label branches, together with the further development of virtual delivery channels, would provide a level of customer choice and convenience such that the purpose for which the CCBS coalition was established will largely have been concluded.

7 March 2005