Mr Cable also sits on the Future of Banking Commission, set up by Which?

ECONOMIST: Two views on new banking rules are better than one

With the Chancellor, the questioning will aim to discover his prescription for the future of the banking sector... does he believe Britain can carry on owning what the Commission increasingly seems to regard as semi-dysfunction semi-nationalised banks, like Lloyds TSB and RBS?

BBC: Week ahead in committees

First, privatisation in any form feels a fairly remote prospect at the moment, with the future structure of British banking yet to be decided by the Treasury, subject to final recommendations from the Independent Commission on Banking in September.

BBC: Bank casino capitalism for all