Sir David Walker today said he has attracted "intense dislike" from some global buyout firms for his recommendations for transparency and disclosure in private equity, as he once again rejected suggestions from the Treasury Select Committee that the proposals have been watered down.

Walker is the former chairman of Morgan Stanley International and chairman of the private equity working group that last month published its final report on private equity disclosure and transparency. He told the UK parliamentary committee this morning: "There are global private equity firms that dislike me intensely and would rather this process had not been embarked upon."