Banking Reform

"Treasury Committee makes further proposals to protect depositors and enhance financial stability"

In a Report published 16 September 2008, the Treasury Committee sets out its proposals in the light of consultation papers on financial stability published by the Tripartite Authorities.

The Report, Banking Reform, makes a series of recommendations in areas such as depositor protection, the proposed Financial Stability Committee of the Bank of England, and the work undertaken by the Financial Services Authority in relation to potentially failing financial institutions.

Report, oral, and written evidence | Press Notice  | Response

Oral evidence

The Treasury Committee held the following oral evidence sessions in connection with this inquiry:

Wednesday 16 July

Witnesses: Sir John Parker, Chairman and Dr David Potter CBE, Deputy Chairman, Non-Executive Directors of the Court of the Bank of England; and Dr Thomas Huertas, Director, Banking Sector, Andrew Whittaker, General Counsel, Financial Services Authority, and Alex Kuczynski, General Counsel, Financial Services Compensation Scheme.

Tuesday 22 July

Witnesses: Mr Mervyn King, Governor, Sir John Gieve, Deputy Governor for Financial Stability, Mr Nigel Jenkinson, Executive Director, Financial Stability, and Mr Andrew Bailey, Executive Director, Banking Services, and Chief Cashier, Bank of England; and Kitty Ussher MP, Economic Secretary to the Treasury, Mr Clive Maxwell, Director Financial Services, and Mr Emil Levendoğlu, Head of Banking Reform, HM Treasury


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    • Reports and associated evidence – Reports of Committee inquires. This category may also include Special Reports where they are used by a Committee to bring matters relating to conduct of its business to the notice of the House.
    • Responses to Reports - Responses may be published as a Special Report, or as a Command Paper. They may also be appended to a Report should the Committee have substantial comments on the Response, in which case they can be found listed under Reports. 
    • Other oral and written evidence - Evidence taken by the Committee that has yet to or did not result in the publication of a Report. This includes transcripts of recent meetings.
    • Estimate Memoranda - An Estimate memorandum is an explanatory note that accompanies a government department’s estimate (a means by which a department seeks authority from Parliament for its spending plans).
    • Correspondence - Correspondence sent from or received by the Committee or its Chair.
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