REPRESENTATIVES from the UK’s big four will face a grilling over the payment protection insurance (PPI) mis-selling scandal from a sub-panel of the Parliamentary Commission on Banking Standards (PCBS).
The commission, headed by Conservative MP Andrew Tyrie, who also chairs the Treasury Select Committee, is looking for top executives involved in the retail side of the banking business, which sold PPI. It has set up a sub-panel, led by Lord McFall of Alcuith, and manned by Lord Turnbull, Pat McFadden MP, Mark Garnier MP and Andrew Love MP.
This could potentially include Barclays chief executive Antony Jenkins, who used to run Barclaycard, though the commission has not yet identified the bankers it wants to talk to. Barclays declined to comment.
Royal Bank of Scotland, Halifax and HSBC make up the other three of the big four UK banks.