Osborne faces TSC grilling over banks - today's papers

The Chancellor appears before the Treasury Select Committee (TSC) this afternoon to answer concerns about the accountability of the Bank of England

Under the Government's planned regulatory reforms, which are currently being drafted into legislation, the Bank will become the single most powerful institution in the country. MORE.. Meanwhile, 13 unnamed European insurers would be forced to raise a combined total of €4.4bn (£4bn) in new capital if the world were hit by a new crisis based on the results of the stress tests conducted by the European Insurance and Occupational Pensions Authority (EIOPA). MORE...