The fifth member, Bill Winters, once of JPMorgan, will, the banks hope, keep the committee in the real world.

ECONOMIST: British banks

And Bill Winters, the former JP Morgan banker, is the front-runner to succeed Bob Diamond as chief executive of the bank.

BBC: Barclays: Winters and O��Donnell tipped for top jobs

The Parliamentary Commission on Banking Standards takes evidence from Bill Winters, former member of the Independent Commission on Banking and former co-chief executive officer of JP Morgan Investment Bank.

BBC: Week ahead in committees

On September 29th Jamie Dimon reshuffled his generals, ousting Bill Winters, co-head of the group's giant investment bank, and replacing him with Jes Staley, formerly head of the asset-management business.

ECONOMIST: American bank bosses

In this case it is Bill Winters, rather than a former central banker (by the way, I should warn you that this is a blog BOGOF: reflections on JP Morgan and on the Bank of England's self-examination).

BBC: Should JP Morgan have listened to Winters?