9.45am Paul Chisnall, Executive Director of Financial Policy & Operations, British Bankers' Association - Russell Picot, Member, BBA Financial Reporting Advisory Panel - Stephen Haddrill, Director General, Association of British Insurers - Liz Murrall, Director, Investment Management Association - Charles Cronin, Head, Chartered Financial Analyst Institute Centre
10.30am Sir David Tweedie, Chairman, International Accounting Standards Board - Paul Boyle, Chief Executive, Financial Reporting Council - Michael Izza, Chief Executive, Institute of Chartered Accountants in England & Wales - The Committee would welcome written evidence on the following topics in particular:
The purpose, and intended audience, of financial accounts.
The role that fair value accounting has played in the banking crisis, and whether any change to fair value reporting rules and requirements is appropriate.
The role and accountability of the International Accounting Standards Board.
The process of amending accountancy standards.
Written evidence should reach the Treasury Committee by 12 noon on Monday 3 November 2008. Guidance on the submission of written evidence can be found at the end of this press notice.
Topics for further hearings planned for November
The Committee plans to hold two further hearings in November on the following topics:
The performance and actions of two banks that have recently been nationalised: Northern Rock and Bradford & Bingley;
Incentive structures (including remuneration policies) within financial institutions, and their potential effects on financial stability, both at the institutional and system-wide level.
The Committee will invite written evidence on these two specific topics when it announces the dates and witnesses for these hearings. Further written evidence will be invited at a later stage in the inquiry.
