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Lords to question German Ambassador and European Central Bank on EU banking reforms

The House of Lords European Union Committee will next week take evidence from Vitor Constâncio, Vice-President of the European Central Bank (ECB) and Georg Boomgaarden, German Ambassador to the UK as part of their inquiry into EU proposals for reform of the banking sector.

Mr Constâncio (who will give evidence via video link) will be asked about proposals for the ECB to have a broader supervisory role over European banks and what impact that could have on European countries such as the UK who are not within the Eurozone. Mr Boomgaarden will be asked to explain the German position regarding proposals for banking union within the EU and how far Germany is prepared to underwrite bank deposits in other Member states.

The full details of the evidence sessions are:

Monday 22 October, Committee Room 1, House of Lords.

  • 2pm - Vitor Constâncio, Vice-President, European Central Bank (via Video Link)

Tuesday 23 October, Committee Room 3, House of Lords.

  • 10:30am - Georg Boomgaarden, German Ambassador to the UK;
  • 11:30am - Mats Persson, Director, Open Europe;
                    Philip Whyte, Senior Research Fellow, Centre for
                    European Reform

The evidence session is open to the public and will be webcast live at Journalists wishing to attend should go to Parliament's Cromwell Green Entrance and should allow time for security screening.

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