MPs take evidence from Barclays Chief Executive

09 February 2010

The Treasury Committee takes evidence from John Varley, Chief Executive of Barclays, as part of the Committee’s inquiry into financial institutions. Watch live from 9.45am.

Witness

9.45am

  • John Varley, Chief Executive, Barclays

At the height of the financial crisis, Governments authorised a massive injection of public funds to rescue ailing private financial institutions in order to prevent a collapse of the financial system.

The Committee is taking evidence on the extent to which the structure of the current financial system should be reformed, and certain activities regulated, on the grounds of systemic risk.

This is followed by a one-off session with representatives of the audit and accounting profession. It is an opportunity to follow-up recommendations made by the Committee in its report on reforming corporate governance and pay in the City.

The Committee will also be seeking information on any recent developments in audit and accounting, with a particular emphasis on regulation and the future role of auditors in banks and other financial institutions.

Witnesses

10.45am

  • Helen Brand, Chief Executive, Association of Chartered Certified Accountants
  • Ian Paterson Brown, Convenor of Ethics Committee and Chair of working group on the provision on non-audit services, Institute of Chartered Accountants of Scotland
  • Robert Hodgkinson, Executive Director, Technical, Institute of Chartered Accountants in England and Wales
  • Stephen Haddrill, Chief Executive, Financial Reporting Council

Image: PA

More news on: Parliament, government and politics, Parliament, Economy and finance, Economic situation, Financial institutions, Business, industry and consumers, Commons news, Parliamentary business, Committee news

Share this page