The MPs who will work with Treasury select committee chair Andrew Tyrie on his banking inquiry have been agreed, according to reports.
Tyrie’s inquiry was set up in the wake of the Libor-rigging scandal. He says it will be “ringfenced” and look at the implications of the affair for banking corporate governance. It will report by the end of the year and its recommendations will be considered for inclusion in the Bank Reform Bill, now set to be published in January.
According to ITV, Conservative MP Mark Garnier, Labour MPs Pat McFadden and Andy Love and Liberal Democrat MP John Thurso, all members of the TSC will be part of the inquiry.
Six Lords will also sit on the panel, though their names have not been made public yet.
Conservative MP Andrea Leadsom, also a TSC member will not take part, despite being one of the most effective questioners during recent committee hearings with current and former senior staff at Barclays. Earlier this week, Leadsom called on Chancellor George Osborne to apologise for attempting to link Shadow Chancellor Ed Balls to the Libor scandal.
The inquiry will sit over the summer recess.