TC0809PN27

TREASURY COMMITTEE OUTLINES TERMS OF REFERENCE FOR

INQUIRY INTO THE INTERNATIONAL DIMENSION OF THE BANKING CRISIS AND CALLS FOR EVIDENCE

Continuing its examination of the ramifications of the banking crisis, the Treasury Committee has decided to undertake a short inquiry into the international dimension of the banking crisis. The Terms of Reference are as follows:

The Committee is concerned with the following areas:

1. Potential reforms to the international monetary system, particularly with regard to:

1.1 The need for a new global reserve currency

1.2 The management of global imbalances

2. Potential reforms to the international financial regulatory system, particularly with regard to:

2.1 Potential areas of improvement in European financial regulation (including the de Larosi¨re Report, "Passporting" and deposit protection)

2.2 Global cross-border financial regulation and the creation of colleges of supervisors

The Committee will also accept further evidence on offshore financial centres in relation to the above topics.

Evidence already submitted on offshore financial centres can be found at:

Oral evidence

http://www.publications.parliament.uk/pa/cm200809/cmselect/cmtreasy/355/8070101.htm

Written evidence

http://www.publications.parliament.uk/pa/cm200809/cmselect/cmtreasy/355/355we01.htm

Evidence already submitted as part of the Banking Crisis inquiry should not be resubmitted.

NOTES ON SUBMISSION OF WRITTEN EVIDENCE

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 Thursday 30 April 2009. Submissions should be no longer than 5000 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 www.parliament.uk/parliamentary_committees/witness.cfm.