• Too many 'considerable obstacles' to fully nationalising RBS
  • Libor scandal spoke to wider cultural issue in banking
  • Responsibility of shareholders to get value for money in remunerating bankers
George Osborne
Chancellor George Osborne will face the Parliamentary Commission on Banking Standards (Reuters)

Chancellor George Osborne is appearing at the Parliamentary Commission on Banking Standards.

The commission was set up in the wake of the Libor fixing scandal to probe the ethics of the banking industry.

Follow IBTimes UK's live coverage of the hearing.