Top bankers to give evidence at financial crisis inquiry

People in some of the most senior banking jobs in the country will give evidence at an inquiry into how the financial crisis was allowed to occur, it has been announced.

Among those scheduled to appear at the Future of Banking Commission investigation are Mervyn King, governor of the Bank of England, Lord Turner, chairman of the Financial Services Authority and City minister Lord Myners.

Three separate sessions of the inquiry are planned to be held across February and March in London and members of the public have been invited to give evidence alongside those in banking jobs.

The stated aim of the commission is to come up with a series of constructive proposal designed to improve standards in the industry and prevent a repeat of the financial crisis.

Peter Vicary-Smith, chief executive of Which?, the organisation behind the event, said: "We're delighted that some of the key players in the banking world recognise the importance of this commission."

The Future of Banking Commission will be chaired by Conservative MP David Davis, with the Liberal Democrat's Vince Cable and Labour's John McFall also on the panel.

Updated: 04 February 2010.
Categories: banking-and-financial-services, market-and-industry-news.