The former CEO of HSBC , Bischoff , is due to give evidence at the House of Lords next week over the culture of banking. The so-called HSBC files, which cover the period 2005-2007, amounted to the biggest banking data leak in history, shedding light on around 30,000 accounts holding almost $120bn (£78bn) in assets. The economics affairs committee intends to question Green about the House of Lords 's Mexican and Swiss operations, which have many money-laundering-related investigations and litigations proceeding against them. He will also be asked whether he thinks global banks are too large to manage and if the policy of the City of London prosecutors issuing multi-million pounds finds against companies, rather than individuals, is the correct approach to improve the culture and ethics of banks.
The former CEO of HSBC , Bischoff , is due to give evidence at the House of Lords next week over the culture of banking. The economics affairs committee intends to question Green about the House of Lords 's Mexican and Swiss operations, which have many money-laundering-related investigations and litigations proceeding against them. He will also be asked whether he thinks global banks are too large to manage and if the policy of the City of London prosecutors issuing multi-million pounds finds against companies, rather than individuals, is the correct approach to improve the culture and ethics of banks.