The Lords EU Committee has launched an inquiry into the reform of the EU banking sector. It notes the plans for a single European supervisor and common bank resolution and deposit guarantee schemes. Given the UK has announced that it will not take part in these arrangements, the Committee is consulting on whether this will affect London’s position as financial centre or the operation of the single market. It feels London should keep its position, but welcomes views on general and specific issues. The Committee calls for evidence by 1 October. (Source: Inquiry into Reform of the EU Banking Sector: Call for Evidence)