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MPs to hear from UKFI and Walker
CITY GRANDEE Sir David Walker and UK Financial Investments (UKFI) will be quizzed by the House of Commons Treasury committee today.
As part of its continuing investigation into financial regulation, the committee will take evidence from Walker on the recommendations he put forward in his Walker Review of banks and financial institutions earlier this year.
The proposals by the former investment banker include increased disclosure and delayed payment of bonuses. And he suggests that board level risk committees should be chaired by a non-executive and that they should have the power to scrutinise and block big transactions.
Walker believes these measures, among others, could help avoid a repeat of the financial crisis.