Monday, 19 November 2012 10:53
Treasury Select Committee taking evidence on banking standards
The Treasury Select Committee will be taking evidence from financial and political figures this week on the topic of banking standards.
The committee is currently working on various topics including the Parliamentary Commission on Banking Standards.
This afternoon, Lord Turner, chairman of the Financial Services Authority and Andrew Bailey, managing director of the Prudential Business Unit at the FSA will be giving evidence on banking standards.
On Wednesday the committee will be questioning Chancellor George Osborne MP and Greg Clark MP, financial secretary to the Treasury. This will be Mr Clark's first evidence session after he took over the role from Mark Garnier MP at the start of September. He previously worked as Minister for Cities, Decentralisation and Planning.
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Thursday will see Bank of England governor Sir Mervyn King, deputy governor Paul Tucker and executive director Andrew Haldane all give evidence to the committee.
The Bank will also receive scrutiny on Tuesday when the authors of two Bank of England liquidity reviews give evidence on their findings. Bill Winters and Ian Plenderleith published their report on 2 November into the bank's framework for providing liquidity to the banking system and the provision on emergency liquidity in 2008/9.
Chairman Andrew Tyrie MP will be looking to see if the reports are satisfactory as a review of how the Bank dealt with the financial crisis and if the Bank is suitably governed.
The Parliamentary Commission on Banking Standards was set up to examine the culture and standards in banking. Its recommendations, which have to be made by 18 December, will be implemented into the Banking Reform Bill.
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The committee is currently working on various topics including the Parliamentary Commission on Banking Standards.
This afternoon, Lord Turner, chairman of the Financial Services Authority and Andrew Bailey, managing director of the Prudential Business Unit at the FSA will be giving evidence on banking standards.
On Wednesday the committee will be questioning Chancellor George Osborne MP and Greg Clark MP, financial secretary to the Treasury. This will be Mr Clark's first evidence session after he took over the role from Mark Garnier MP at the start of September. He previously worked as Minister for Cities, Decentralisation and Planning.
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Thursday will see Bank of England governor Sir Mervyn King, deputy governor Paul Tucker and executive director Andrew Haldane all give evidence to the committee.
The Bank will also receive scrutiny on Tuesday when the authors of two Bank of England liquidity reviews give evidence on their findings. Bill Winters and Ian Plenderleith published their report on 2 November into the bank's framework for providing liquidity to the banking system and the provision on emergency liquidity in 2008/9.
Chairman Andrew Tyrie MP will be looking to see if the reports are satisfactory as a review of how the Bank dealt with the financial crisis and if the Bank is suitably governed.
The Parliamentary Commission on Banking Standards was set up to examine the culture and standards in banking. Its recommendations, which have to be made by 18 December, will be implemented into the Banking Reform Bill.
• Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.
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