John McFall is to step down as chairman of the Treasury Select Committee at the next election, reports suggest.
The Committee, and McFall in particular, have become prominent due to the financial crisis, beginning with the near-collapse of Northern Rock.
He is well known as a tough questioner, giving a grilling to high profile figures including Bank of England governor, Mervyn King, FSA chief executive Hector Sants and the heads of Britain's biggest banks.
McFall is likely to be replaced by Conservative MP Michael Fallon, who has is deputy chair and has sat on the Committee for ten years.
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Ceremony will take place 13 November