Labour peer Lord McFall is to take up a role at the chartered accountants' body Icas.
The former MP for West Dunbartonshire has been appointed as a member of the Icas governing council.
During his time in the House of Commons, John McFall chaired the Treasury Committee which examined the roles of bankers and regulators following the financial crisis.
He was made a peer in 2010 and is a member of the House of Lords Economic Affairs Committee.
Icas said Lord McFall will join other council members in upholding standards of the chartered accountancy profession.
Chief executive Anton Colella said: "Lord McFall is a man of the utmost integrity and is held in the highest regard for his many years of service to politics and public life, where he has put the interests of ordinary people first.
"We look forward to the valuable contribution he will make to the work of Icas in the UK and globally."
Lord McFall said: "I am delighted to be appointed to council as a public interest member.
"As chairman of the House of Commons Treasury Committee and subsequently as a member of the independent Parliamentary Commission on Banking Standards, I have been intimately involved in the drive for enhanced professionalism and a deeper recognition of the interests of wider society.
"I look forward to developing these themes, amongst others, in my new role on Icas."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article