COMMONS

Independent Commission on Banking: Interim Report

Inquiry status: Inquiry concluded and Report published

The Independent Commission on Banking was established by the Government in June 2010 to "consider the structure of the UK banking sector, and look at structural and non-structural measures to reform the banking system and promote competition". The Commission published its Interim Report on 11 April 2011 and the Committee undertook a short inquiry on its proposals.

Following the publication of the ICB's Final Report the Committee continued its inquiry into the proposals made by the ICB. Further details can be found on the ICB: Final Report inquiry page.

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    Glossary

    • Reports and associated evidence – Reports of Committee inquires. This category may also include Special Reports where they are used by a Committee to bring matters relating to conduct of its business to the notice of the House.
    • Responses to Reports - Responses may be published as a Special Report, or as a Command Paper. They may also be appended to a Report should the Committee have substantial comments on the Response, in which case they can be found listed under Reports. 
    • Other oral and written evidence - Evidence taken by the Committee that has yet to or did not result in the publication of a Report. This includes transcripts of recent meetings.
    • Estimate Memoranda - An Estimate memorandum is an explanatory note that accompanies a government department’s estimate (a means by which a department seeks authority from Parliament for its spending plans).
    • Correspondence - Correspondence sent from or received by the Committee or its Chair.
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Select Committee Inquiries

Select Committees carry out inquiries on areas ranging from the work of government departments to economic affairs. The results of these inquiries are public and many require a response from the Government.

Stages of an inquiry

Most, but not all, Select Committee inquiries are conducted as follows:

  • Written evidence called for
  • Oral evidence sessions held
  • Report published
  • Response published

Not all inquiries result in a Report