By Mark Kleinman, City Editor
Ed Miliband held talks on Wednesday with senior bankers just days after the industry faced fresh criticism for lobbying senior politicans and regulators.
Sky News has learnt that the Labour leader met a delegation from the British Bankers' Association (BBA) including representatives of major high street lenders including HSBC and Lloyds Banking Group.
Sir Nigel Wicks, the BBA chairman, who was a former aide to Lady Thatcher, and Anthony Browne, the lobbying group's chief executive, were also present at the meeting.
The meeting, described by one person who attended as "lively", saw Mr Miliband reiterate Labour's support for the establishment of a network of local banks as well as a new British Investment bank.
Others who were at the summit included James Leigh-Pemberton, a senior executive at Credit Suisse's UK operations, and Colin Grassie, chief executive of Deutsche Bank's UK business. Chris Leslie, the shadow City minister, was also present.
Mr Miliband has been a consistent critic of the banking sector since he became Labour leader in 2010, but is keen to build more constructive relations with industry executives ahead of the next general election, according to one insider.
The meeting, however, came just days after MPs and regulators outlined criticisms of the banking industry for its intensive lobbying in an effort to slow the pace of reforms.
Andrew Bailey, chief executive of the Prudential Regulation Authority, said this week that rules defining appropriate lobbying were desirable, while Andrew Tyrie, chair of the Parliamentary Commission on Banking Standards and Treasury Select Committee, said the extent of their lobbying underlined the need for independent rules on issues such as capital and leverage ratios.
A BBA spokesman said: "It is important that there is a dialogue between industry and politicians of all parties, just as consumer groups and trade unions quite properly speak to elected representatives on a regular basis."
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