COMMONS

ICB: Interim Report - further information

Further details of the Treasury Committee's inquiry into the Independent Commission on Banking's Interim Report:

The Independent Commission on Banking

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

Committee Report

In its Report the Committee called on the Independent Commission on Banking to address a number of concerns that were raised about its proposal to ring-fence retail banking – including its effect on the competitiveness of UK banking and the cost of credit to business.

Oral evidence

The following public meetings were held as part of this inqury (the transcripts are published with the Report):

Wednesday 8 June 2011 - Watch session 

Witnesses: Stephen Hester, Group Chief Executive, Royal Bank of Scotland Group, and Douglas Flint, Group Chairman, HSBC; Bob Diamond, Chief Executive, Barclays, and António Horta-Osório, Chief Executive, Lloyds Banking Group

Tuesday 24 May 2011 - Watch session

Witnesses: Sir John Vickers, Chairman, ICB, Martin Taylor, Member, ICB and Bill Winters, Member, ICB