The Parliamentary Commission on Banking Standards is to conduct pre-legislative scrutiny on the draft Banking Reform Bill, which it expects to receive in the week beginning 8 October. The Parliamentary Commission is to report on legislative action by 18 December. Andrew Tyrie, Chairman of the Parliamentary Commission, said FSA’s recent Final Notice against Peter Cummings indicated failings which are at the heart of the Parliamentary Commission’s work. (Source: Commission to Review Banking Reform Bill and Commission Comments on Cummings)