Treasury Committee press notice no.66

10 July 2008: For Immediate Release

TREASURY COMMITTEE ANNOUNCES NEW INQUIRY INTO BANKING REFORM

Announcement of new inquiry, evidence sessions and call for written evidence

New inquiry

The Treasury Committee has decided to undertake an inquiry into Banking Reform, following on from the Committee’s previous work on Northern Rock and banking reform and the Government’s further document entitled Financial stability and depositor protection: further consultation (Cm 7436) published on 1 July. The Treasury Committee is now announcing details of oral evidence sessions and of a call for written evidence.

Oral evidence

The Treasury Committee will hold oral evidence in connection with this inquiry as follows:

Wednesday 16 July from 2.30 pm onwards in the Wilson Room, Portcullis House:
At 2.30 pm
the Non-Executive Directors of the Court of the Bank of England
• Sir John Parker, Chairman
• Dr David Potter CBE, Deputy Chairman

At 3.00 pm
the Financial Services Authority and the Financial Services Compensation Scheme
• Dr Thomas Huertas, Director, Banking Sector, FSA
• Andrew Whittaker, General Counsel, FSA
• Alex Kuczynski, General Counsel, FSCS

Tuesday 22 July from 9.45 am onwards in the Thatcher Room, Portcullis House:
At 9.45 am
the Bank of England
• Mervyn King, Governor
• Sir John Gieve, Deputy Governor for Financial Stability
• Nigel Jenkinson, Executive Director, Financial Stability
• Andrew Bailey, Executive Director, Banking Services, and Chief Cashier

At 10.45 am
HM Treasury
• Kitty Ussher MP, Economic Secretary to the Treasury
• Treasury officials.

Invitation to submit written evidence

The Treasury Committee invites written evidence as part of its inquiry into Banking Reform. Written evidence should reach the Treasury Committee by 12 noon on Wednesday 30 July 2008. The deadline for written evidence has been set to enable written evidence to take account of the oral evidence received and the further consultation document expected to be published later in July relating to the Special Resolution Regime.  Written submissions should be no more than 3,000 words in length.

NOTES
Written evidence should be in Word or rich text format—not PDF format—and sent by e-mail to [email protected]. The body of the e-mail must include a contact name, telephone number and postal address. The e-mail should also make clear who the submission is from.
Submissions should be in the format of a self-contained memorandum. Paragraphs should be numbered for ease of reference, and the document must include an executive summary. Further guidance on the submission of evidence can be found at www.parliament.uk/parliamentary_committees/witness.cfm.

Submissions should be original work, not previously published or circulated elsewhere. Once submitted, your submission becomes the property of the Committee and no public use should be made of it unless you have first obtained permission from the Clerk of the Committee. Please bear in mind that Committees are not able to investigate individual cases.
The Committee normally, though not always, chooses to publish the written evidence it receives, either by printing the evidence, publishing it on the internet or by making it publicly available through the Parliamentary Archives. If there is any information you believe to be sensitive you should highlight it and explain what harm you believe would result from its disclosure; the Committee will take this into account in deciding whether to publish or further disclose the evidence.

For data protection purposes, it would be helpful if individuals wishing to submit written evidence send their contact details in a covering letter. You should be aware that there may be circumstances in which the House of Commons will be required to communicate information to third parties on request, in order to comply with its obligations under the Freedom of Information Act 2000.