Barclays chief executive Bob Diamond gave evidence to the UK’s House of Commons Treasury Select Committee on the Independent Commission on Banking final report. Financial News live-blogged the session.

17.20: Diamond is asked about former Labour business secretary Peter Mandelson's 2010 comments that he was the "unacceptable face of banking". He says: "I think that was rather a political statement at the time, he and I have since met and he has come in and spent many hours to learn about what we do in our corporate and investment bank for our clients."