For the longer term the Treasury has appointed Sir David Walker, a former banker and central banker, to review governance and pay.

ECONOMIST: Bashing bankers is the latest sport

It comes after the appointment earlier this month of Sir David Walker, a vocal critic of the remuneration of investment bankers, as chairman.

ECONOMIST: Barclays�� new boss

Anthony Jenkins, group chief executive of Barclays, and Sir David Walker, chairman of Barclays, appear before the Parliamentary Commission on Banking Standards (at 9.45am).

BBC: Week ahead in committees