The former chief executives and chairmen of RBS and HBOS are being called to account by the Commons Treasury Select Committee.
Sir Fred Goodwin and Sir Tom McKillop, respectively the former chief executive and chairman of RBS, are joined by Andy Hornby and Lord Stevenson of Coddenham, the former chief executive and chairman of HBOS.
One thing's for sure - they can expect a right old bun fight and public flagellation.
The meeting has just started and you can follow it live here at the Times Online.
Tomorrow it's the turn of the Americans!
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...