'An accident waiting to happen': The failure of HBOS - Parliamentary Commission on Banking Standards Contents

Parliamentary Commission on Banking Standards

The Parliamentary Commission on Banking Standards is appointed by both Houses of Parliament to consider and report on professional standards and culture of the UK banking sector, taking account of regulatory and competition investigations into the LIBOR rate-setting process, lessons to be learned about corporate governance, transparency and conflicts of interest, and their implications for regulation and for Government policy and to make recommendations for legislative and other action.

Current membership

Mr Andrew Tyrie MP (Conservative, Chichester) (Chairman)

The Lord Archbishop of Canterbury (Non-Affiliated)

Mark Garnier MP (Conservative, Wyre Forest)

Baroness Kramer (Liberal Democrat)

Rt Hon Lord Lawson of Blaby (Conservative)

Mr Andrew Love MP (Labour/Co-operative, Edmonton)

Rt Hon Pat McFadden MP (Labour, Wolverhampton South East)

Rt Hon Lord McFall of Alcluith (Labour/Co-operative)

John Thurso MP (Liberal Democrat, Caithness, Sutherland and Easter Ross)

Lord Turnbull KCB CVO (Crossbench)


The Commission has the power to require the submission of written evidence and documents, to examine witnesses, to meet at any time (except when Parliament is prorogued or dissolved), to adjourn from place to place, to appoint specialist advisers, and to make Reports to both Houses. The Commission has power in the appointment of a Chairman.


The Reports and evidence of the Commission are published by The Stationery Office by Order of the House. All publications of the Commission (including press notices) are on the Internet at http://www.parliament.uk/bankingstandards.

Commission staff

The following parliamentary staff are currently working for the Commission:

Colin Lee (Commons Clerk and Chief of Staff), Adam Mellows-Facer (Deputy Chief of Staff), Richard McLean (Lords Clerk), Lydia Menzies (Second Clerk), Lucy Petrie (Second Clerk), Robert Law (Commission Specialist), Jay Sheth (Commission Specialist), Gavin Thompson (Commission Specialist), James Abbott (Media Officer), James Bowman (Senior Committee Assistant), Claire Cozens (Senior Committee Assistant), Baris Tufekci (Committee Assistant), Ann Williams (PA to the Chief of Staff) and Danielle Nash (Committee Support Assistant).

The following staff are currently on secondment from outside of Parliament to work for the Commission as Commission Specialists:

Paul Brione, Suvro Dutta, Oonagh Harrison, Zoe Leung-Hubbard, Julia Rangasamy, John Sutherland, Greg Thwaites and Elizabeth Wilson.

The following staff were on secondment from The Treasury Solicitor's Department in the course of the Commission's work on HBOS:

Oliver Gilman and Mayur Patel.


All correspondence should be addressed to the Clerks of the Parliamentary Commission on Banking Standards, 14 Tothill Street, London SW1H 9NB. The telephone number for general enquiries is 020 7219 8773; the Commission's email address is bankingstandards@parliament.uk.


In the footnotes of this Report, references indicated by 'BQ' and followed by a question number refer to oral evidence taken by sub-committee B: Panel on HBOS, published by the Commission in the second volume of this Report. References indicated by 'Q' and followed by a question number refer to oral evidence taken by the Commission. Transcripts of this oral evidence and the second volume are available at http://www.parliament.uk/business/committees/committees-a-z/joint-select/professional-standards-in-the-banking-industry/publications/.

References indicated by 'B Ev w' followed by a page number refer to written evidence published by the Commission in the second volume. This second volume and other written evidence taken by the Commission and its panels are available at the above address.

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© Parliamentary copyright 2013
Prepared 5 April 2013