Lords to ask if EU plans to reform the big banks are too little too late

01 May 2014

A House of Lords Committee which deals with economic affairs will quiz senior figures from the world of banking next week on European plans to make big banks more accountable.

On Tuesday 6 May the House of Lords Economic and Financial Affairs EU Sub-Committee will question Sir Win Bischoff, former Chairman, Lloyds Banking Group and Anthony Browne, Chief Executive, British Bankers Association.

The Committee will ask the witnesses about proposals for bank structural reform, about new rules to stop big banks from risky trading, and how the UK will be affected. 

Other questions they will face include:

  • Is bank structural reform necessary?
  • How would you compare the Commission’s proposals with the reforms introduced in the UK and in the USA?
  • Is the Commission proposal an improvement on, or a step backwards from, the Liikanen recommendations?
  • What are your views on the proposal to ban proprietary trading?
  • How would you assess the case for structural separation of banking activity?

The evidence session, in two parts, will start at 2.05pm on Tuesday 6 May in Committee Room 3 of the House of Lords.           

The session will be webcast at www.parliamentlive.tv and is also open to the public. Journalists wishing to attend should go to Parliament’s Cromwell Green Entrance and should allow time for security screening.


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