Page last updated at 17:50 GMT, Tuesday, 20 November 2012

Banking Standards Commission

The Banking Standards Commission took evidence from the Chancellor, George Osborne, on 21 November 2012.

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

Barclays received a fine of £290m ($450m) over the Libor affair earlier this year.

The inquiry was set up after a series of issues undermined public confidence in the financial sector, including the mis-selling of billions of pounds worth of payment protection insurance, and the mis-selling of a complex hedging insurance designed to protect small firms against rises in interest rates.

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