The independent commission tasked with investigating the financial crisis is set to hold its first open meeting on Sept. 17 in Washington.

As previously reported, the Financial Crisis Inquiry Commission was created under the Fraud Enforcement and Recovery Act passed in May to examine the domestic and global causes of the current U.S. financial and economic crisis.

According to the Federal Register notice, the meeting will include announcements, statements from Commissioners, and a discussion of the scope of work, work plan, and the Commission's timeline.

A WilmerHale alert notes that Thomas Greene, of the California Attorney General's office, has been tapped as the Commission's Executive Director.

The 10-member Commission, chaired by former California State Treasurer Phil Angelides, is expected to examine and hold hearings on more than 20 areas of inquiry related to the financial crisis, and to examine the causes of major financial institutions that failed or were likely to fail if they hadn't received exceptional government assistance. Its findings are due in a report to Congress in December of 2010.