Page last updated at 14:08 GMT, Tuesday, 6 November 2012

Parliamentary Commission on Banking Standards

The specially convened commission took evidence from the Bank of England's Executive Director for Financial Stability, Andy Haldane on 7 November 2012.

The commission was set up to consider and report on professional standards and culture of the UK banking sector, following the Libor rate-setting scandal.

It was also asked to look at lessons to be learned about corporate governance, transparency and conflicts of interest, and their implications for regulation and government policy.

The Libor scandal emerged in June 2012 when UK and US authorities fined Barclays £290m for fixing a key inter-bank interest rate.

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