Treasury Committee

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1. UK government.

The UK government's Treasury Committee is appointed by the House of Commons to examine the expenditure, administration and policy of HM Treasury, HM Revenue & Customs, and associated public bodies, including the Bank of England and the Financial Conduct Authority.

The Treasury Committee is one of a number of Select Committees related to different government departments.

The Treasury Committee chooses its own subjects of inquiry.

Depending on the subject, external deadlines, and the amount of oral evidence the Committee decides to take, an inquiry may last for several months and give rise to a report to the House of Commons.

Other inquiries may simply consist of a single day’s oral evidence which the Committee may publish without making a report.

2. Corporate governance.

In the corporate context, a Treasury Committee provides oversight of treasury activities in implementing the policies and the funding and treasury risk management plan approved by the Board.

This may include, among other things: the measurement and management of interest rates, funding, counterparty credit, liquidity and operational risks; funding proposals; relationships with rating agencies; debt investor relations; bank relationship management, and treasury internal controls.

See also