Treasury Committee invites building societies to give evidence

The session will follow evidence from representatives of the media (at 2.30pm):

The witnesses will be as follows:

Graham Beale, Chief Executive, Nationwide

Adrian Coles, Director General, Building Societies Association

Iain Cornish, Chief Executive, Yorkshire Building Society

Neville Richardson, Chief Executive, Britannia Building Society

Issues likely to come up are:

The competition impact of consolidation within the building society sector

Resilience of building societies to the current financial crisis

The impact on consumers of the current financial crisis

Reforms to regulatory capital and liquidity requirements

The operation of the Financial Services Compensation Scheme

Details of further evidence sessions for the Banking Crisis inquiry will be announced in due course.

Written evidence relating to the inquiry has now gone online at: http://www.parliament.uk/parliamentary_committees/treasury_committee/bankingcrisis.cfm

This will be updated as the inquiry progresses.