At the height of the financial crisis, the Governments authorised a massive injection of public funds to rescue ailing private financial institutions to prevent a collapse of the financial system.

In order to minimise the risk of this re-occurring, the Committee will seek evidence on the extent to which the structure of the current financial system should be reformed and certain activities regulated on the grounds of systemic risk.

The Committee also will seek evidence on the extent to which banks operating in the UK are interconnected.