Treasury - Sixth Report
Project Verde

Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 21 October 2014.


Terms of Reference


1 Introduction

2 Background

3 Bidding for Verde

4 The financial collapse of the Co-operative Bank

5 Governance

6 Was the bidding process fair?

7 Events following the collapse of Verde and the emergence of the capital shortfall

8 Questions for future reviews

Conclusions and recommendations

Formal Minutes


List of written evidence

List of Reports from the Committee during the current Parliament

Oral evidence - HC 728-II

Tuesday 18 June 2013: António Horta-Osório, Group Chief Executive, and Sir Winfried Bischoff, Chairman, Lloyds Banking Group

Wednesday 4 September 2013: Neville Richardson, former Chief Executive Officer, Britannia Building Society and the Co-operative Bank

Tuesday 22 October 2013: Peter Marks CBE, former Chief Executive, The Co-operative Group

Tuesday 29 October 2013: Barry Tootell, former Chief Executive, Co-operative Banking Group

Wednesday 6 November 2013: Reverend Paul Flowers, former Chair, The Co-operative Bank, and former Deputy Chair, The Co-operative Group

Tuesday 19 November 2013: David Anderson, former Chief Executive, Co-operative Financial Services

Tuesday 3 December 2013: Warren Mead, Partner, Financial Services, Transactions & Restructuring, Andrew Walker, and Jonathan Hurst, Partners, KPMG; Tim Wise, and Conor Hillery, Managing Directors, UK Investment Banking, JP Morgan Cazenove

Tuesday 7 January 2014: Clive Adamson, Director of Supervision, Financial Conduct Authority, and former Director, Major Retail Groups Division, Financial Services Authority

Tuesday 21 January 2014: Lord Levene of Portsoken KBE, former Chairman, and Gary Hoffman, former Chief Executive Officer, NBNK Investments plc

Tuesday 28 January 2014: Rodney Baker-Bates, former Chair, Britannia Building Society and former Deputy Chair, The Co-operative Bank, and David Davies, former Deputy Chair, The Co-operative Bank

Tuesday 11 February 2014: Andrew Bailey, Deputy Governor, Prudential Regulation, and Chief Executive Officer of the Prudential Regulation Authority, Bank of England, and former Managing Director of the Prudential Business Unit, Financial Services Authority

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© Parliamentary copyright 2014
Prepared 23 October 2014