It will be led by Martin Wheatley, the managing director of the Financial Services Authority.
Martin Wheatley, the chief executive designate of the FCA, said the new regulator would have a "greater appetite to get things done".
Gensler is in London to meet with global regulators including top UK regulator Martin Wheatley over Libor reform and interest rate benchmarks.
Martin Wheatley, managing director of the Financial Services Authority, is leading the charge and his proposed changes are set to be unveiled on Friday.
FORBES: Libor Regulations On The Way As BBA Agrees To Surrender Duties
But Martin Wheatley, the chief executive designate of the Financial Conduct Authority, said that - although there was a savings gap in the UK - people had not trusted financial services.
Mr Tyrie's letter, to FSA managing director Martin Wheatley, asks "what action the conduct arm of the FSA will be taking in response to the action by the Bank of Ireland".
BBC: Bank of Ireland: Andrew Tyrie writes to FSA over rate rise
Martin Wheatley, chief executive of the FCA, told the BBC that many of the mortgages were taken out before the financial crash, "when there was a lot of optimism about rising house prices and wages".
In an interview on his last day in office as Hong Kong's securities regulator this year, Martin Wheatley warned about the craze for shares of Chinese companies, calling China "the new dot-com" of the investment world.
Martin Wheatley, Hong Kong's chief stock markets regulator, may not have been hired in 2005 to get tough on the world's seventh-largest securities market, but the global financial crisis is certainly forcing him to beef up oversight.
The Banking Commission (at 9.30am) has more big name witnesses - Lord Turner, chairman of the Financial Services Authority and his Managing Director Martin Wheatley, who is also the chief executive officer designate of the replacement body, the Financial Conduct Authority.
By pushing back against the attempted PCCW buyout plans of Richard Li and probing the muck of Citic Pacific, the commission and its head Martin Wheatley (profiled in our Jan. 12 issue) have joined with longtime local reformers to start the ball rolling--if still uphill.
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