Lord Green of Hurstpierpoint, former chairman of HSBC, will also be taking part and making his first appearance before a Parliamentary committee since leaving government. HSBC came under fire at committee sessions in the previous Parliament over  tax avoidance at its Swiss private bank, although  Green did not appear in person to give evidence.

The latest session, which starts at 3.35pm on Tuesday 14 July, is slated to cover a wide range of issues around banking culture including the activities of HSBC's Swiss and Mexican operations and whether they took anti-money laundering rules seriously.

The committee will also look at whether global banks have become too large and complex to manage, and the extent to which ‘values’ are compatible with a company's responsibility to its shareholders. It will consider whether the move from large bonuses to more of banker's remuneration coming from fixed pay is a cause for concern, together with the increasing ratio of CEO pay to the average worker's pay.

In addition, the committee will ask for views on whether the US prosecutors’ approach of levying very large fines against financial institutions, rather than prosecute individuals, is the right way to improve the ethics and culture of banks.

Committee proceedings will be streamed live on Parliament TV via this link

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