Paul Myners, the minister of the City of London, this morning became the latest high-profile figure to come under the scrutiny of the UK's Treasury Committee, which is pressing ahead with its dissection of the financial crisis. The committee, chaired by Labour MP John McFall, quizzed Lord Myners on Sir Fred Goodwin's pension pot and his views on what has caused the financial crisis. Financial News live-blogged the event.

The committee honed in on the controversial issue of Sir Fred Goodwin's £16m (€17.3m) pension pot, which the former chief executive of Royal Bank of Scotland received after he quit in October.