Committee holds bank regulation session

20 January 2009

The House of Lords Economic Affairs Committee holds its first evidence session in its new inquiry into bank regulation and supervision. The session takes place at 3.35pm in Committee Room 3 of the House of Lords.

The Committee, who are investigating how far failures of regulation in the banking industry have contributed to the current financial situation and what can be done to prevent future banking crises, will hear evidence from Professor Geoffrey Wood, Professor of Economics at Cass Business School, London City University.

The evidence session is the first of the new inquiry and over the next few weeks the Committee will hear evidence from a range of witnesses.

Professor Wood will be asked about the role of credit ratings agencies in the financial crises and for his views on the UK’s tripartite system of financial regulation where the Treasury, the FSA and the Bank of England are all involved in regulating banking and financial services.

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