Powered by

Tyrie's claim about banks' back-door lobbying is holed

Dec 05, 2014 - City A.M.

THERE are few things bankers dread more than being summoned for hours of intel-lectual flagellation by Andrew Tyrie, the relentless chairman of the Treasury Select Committee.

He has scored several notable victories, including a blueprint for regulators to hold reserve powers to break up major UK banks.

On his latest target - HSBC and the concerns of two of its European subsidiary's non-executive directors over the Bank of England's new Senior Managers Regime (SMR) - he is less sure-f...