4 November 2008: For Immediate Release


The Treasury Committee today announces details of an evidence session with the nationalised banks, Northern Rock and Bradford and Bingley. The evidence session will take place at 9.30 am on Tuesday 18 November 2008 in the Thatcher Room, Portcullis House, with the following witnesses:

Richard Pym, Chief Executive, Bradford and Bingley
Rod Kent, Chairman, Bradford and Bingley

Gary Hoffman, Chief Executive Officer, Northern Rock
Ron Sandler CBE, Non-Executive Chairman, Northern Rock

The Committee would welcome written evidence on the following topics in particular:

• The current structure and governance of Northern Rock and Bradford and Bingley

• The financial performance of Northern Rock and Bradford and Bingley

• The future plans of Northern Rock and Bradford and Bingley

• The impact of Northern Rock and Bradford and Bingley on competition

• The relationship between Northern Rock and Bradford and Bingley and their customers since nationalisation

Written evidence should reach the Treasury Committee by 12 noon on Tuesday 11 November 2008. Please note the Committee is not seeking evidence on the parts of Bradford and Bingley transferred to Abbey, part of the Santander Group. Guidance on the submission of written evidence can be found at the end of this press notice.

Topics for further hearings planned for November

The Committee plans to hold a further hearing in November on the following topic:

• Incentive structures (including remuneration policies) within financial institutions, and their potential effects on financial stability, both at the institutional and system-wide level.

The Committee will invite written evidence on this topic when it announces the date and witnesses for the hearing.  Further written evidence will be invited at a later stage in the inquiry.


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. The deadline is 12 noon on Tuesday 11 November 2008. Submissions should be no longer than 2000 words.

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

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.