Press Notice | Gov and FSA responses to Report
Press Notice | Gov, UKFI and FSA responses to Report
Press Notice | Gov, UKFI and FSA responses to Report
Press Notice | Gov and FSA response
WRITTEN EVIDENCE
The Committee received a significant amount of written evidence as part of this inquiry. The written evidence has been published as volumes II and III.
Volume II | Volume III
Volume III contains documents [previously published on this site] relating to pension arrangements at RBS and Lloyds Banking Group.
ORAL EVIDENCE
As part of the inquiry the Committee held 17 oral evidence sessions. Details of the witnesses who gave evidence are outlined below.
Please use this link to access the transcripts of these sessions
Monday 3 November 2008 - Tripartite authorities
Witnesses: The Rt Hon Alistair Darling MP , Chancellor of the Exchequer, Mervyn King , Governor of the Bank of England, Lord Turner of Ecchinswell , Chairman of the Financial Services Authority
Tuesday 11 November 2008 - Fair value accounting and accounting standards
Witnesses: Paul Chisnall, Executive Director of Financial Policy & Operations, British Bankers' Association, Russell Picot, Member, BBA Financial Reporting Advisory Panel, Stephen Haddrill, Director General, Association of British Insurers, Liz Murrall, Director, Investment Management Association, Charles Cronin, Head, Chartered Financial Analyst Institute Centre, Sir David Tweedie, Chairman, International Accounting Standards Board, Paul Boyle, Chief Executive, Financial Reporting Council, Michael Izza, Chief Executive, Institute of Chartered Accountants in England & Wales
Tuesday 18 November 2008 - Nationalised Banks
Witnesses: Richard Pym, Chief Executive, Bradford and Bingley, and Rod Kent, Chairman, Bradford and Bingley; Gary Hoffman, Chief Executive Officer, Northern Rock, and Ron Sandler CBE, Non-Executive Chairman, Northern Rock (at 10.30 am)
Wednesday 19 November 2008 - Incentive structures
Witnesses: Carol Arrowsmith, Partner at Deloitte, Ronnie Fox, Principal of Fox Law Firm, Peter Hahn, FME Fellow, Corporate Finance and Governance, Sir John Cass Business School, Charles Cotton, Reward Advisor, Chartered institute for Personnel and Development (CIPD), Brendan Barber, Secretary-General, TUC, Peter Montagnon, Director of Investment Affairs, ABI, Jonathon Taylor, LIBA, Miles Templeman, Director-General, IOD
Tuesday 13 January 2009 - Experts
Witnesses: Prof Willem Buiter, London School of Economics and Political Science, Prof Charles Goodhart, London School of Economics and Political Science, and Dr Jon Danielsson, London School of Economics and Political Science; Will Hutton, The Work Foundation, Richard Lambert, CBI, and Jon Moulton, Alchemy Partners
Wednesday 14 January 2009 - Consumer Issues
Witnesses: Doug Taylor, Personal Finances Campaign Manager, Which?, Peter Tutton, Senior Policy Officer, Citizens Advice, and Andrew Cave, Head of Policy, Federation of Small Businesses; and Michael Coogan, Director General, Council of Mortgage Lenders, Stephen Sklaroff, Director General, Finance and Leasing Association, Angela Knight, Chief Executive, British Bankers’ Association
Tuesday 27 January 2009 - Hedge Funds and Investor groups
Witnesses: Andrew Baker, Alternative Investment Managers Association (AIMA), Douglas Shaw, Black Rock, Paul Marshall, Marshall Wace LLP, Chris Hohn, The Children's Investment Fund (TCI), and Stephen Zimmerman, NewSmith Capital Partners; and Peter Chambers, Legal & General Investment Management, Alan Grisay, F & C Investments, Richard Saunders, Investment Managers Association (IMA), Peter Montagnon, Association of British Insurers (ABI), David Pitt-Watson, Hermes, and Mr Antonio Borges, Hedge Fund Standards Board
Wednesday 28 January 2009 - Auditors and Credit Rating Agencies
Witnesses: Robert Hodgkinson, Institute of Chartered Accountants in England & Wales, Helen Brand, Association of Chartered Certified Accountants, Paul Boyle, Financial Reporting Council, Prof Prem Sikka, University of Essex, and Prof Michael Power, London School of Economics; John Hitchins, PwC, Brendan Nelson, KPMG, and Jonathan Hayward, Independent Audit; Moody's, Standard & Poor's, and Fitch Ratings
Tuesday 3 February 2009 - The protection of UK citizens investing funds in non-UK jurisdictions
Witnesses: Ziggy Sieczko, KSFIOM Action Group, Neil Dickens, Landsbanki Guernsey Depositors’ Action Group, Chris Cummings, Director General, Association of Independent Advisers (AIFA), Councillor Richard Kemp, Vice-Chairman, Local Government Association, and Dr John Low, Chief Executive, Charities Aid Foundation; Tony Shearer, former Chief Executive of Singer and Friedlander Group Plc; Hon Tony Brown MHK, Chief Minister, and Mark Shimmin, Chief Financial Officer, Isle of Man, and John Aspden, Isle of Man Financial Supervision Commission, Lyndon Trott, Chief Minister, States of Guernsey, and Peter Neville, Director General of the Guernsey Financial Services Commission
Wednesday 4 February 2009 - The role of the media/Building Societies
Witnesses: Lionel Barber, Financial Times, Alex Brummer, Daily Mail, Simon Jenkins, Guardian, and Robert Peston, BBC
Witnesses: Graham Beale, Chief Executive, Nationwide, Adrian Coles, Director General, Building Societies Association , Iain Cornish, Chief Executive, Yorkshire Building Society, and Neville Richardson, Chief Executive, Britannia Building Society
Tuesday 10 February 2009 - Former bank executives
Witnesses: Sir Tom McKillop, former Chairman of RBS Group plc, Sir Fred Goodwin, former Chief Executive of RBS Group plc, Lord Stevenson of Coddenham, a Member of the House of Lords, former Chairman of HBOS plc and Mr Andy Hornby, former Chief Executive of HBOS plc
Wednesday 11 February 2009 - Current bank executives
Witnesses: Eric Daniels, Group Chief Executive, Lloyds Banking Group, John Varley, Group Chief Executive, Barclays, Stephen Hester Group Chief Executive, Royal Bank of Scotland, Antonio Horta-Osorio, Chief Executive, Abbey Bank, and Paul Thurston, HSBC UK Managing Director
Wednesday 25 February 2009 - FSA/FSCS
Witnesses: Lord Turner, Chairman, and Hector Sants, Chief Executive, Financial Services Authority, and Loretta Minghella, Chief Executive, Financial Services Compensation Scheme
Thursday 26 February 2009 - Bank of England
Witnesses: Mr Mervyn King, Governor, Mr Paul Tucker, Deputy Governor elect for Financial Stability, Mr Andy Haldane, Executive Director, Financial Stability, and Mr Andrew Bailey, Executive Director, Banking & Chief Cashier, Bank of England
Tuesday 3 March 2009 - UKFI
Witnesses: Mr Glen Moreno, Acting Chairman, and Mr John Kingman, Chief Executive, UK Financial Investments Limited (UKFI)
Tuesday 17 March 2009- Lord Myners
Witnesses: Lord Myners CBE, a Member of the House of Lords, Financial Services Secretary to the Treasury, Ms Mridul Hegde, Director of Financial Services, and Mr Nikhil Rathi, Team Leader, Financial Stability Team, HM Treasury.
Thursday 19 March 2009 - Chancellor
Witnesses: Rt Hon Mr Alistair Darling, MP, Chancellor of the Exchequer, Dave Ramsden, Chief Economist, Tom Scholar, Managing Director, International and Finance, and Nikhil Rathi, Team Leader, Financial Stability, HM Treasury