§ Mr. Spellerasked the Chancellor of the Exchequer what assessment he has made of the present correlation between dependent credit control departments in the banking system and the rate of failure; and if he will make a statement.
§ Mr. Ian StewartThe Government set out their conclusions on the internal and external prudential controls needed on bank lending in their White Paper "Banking Supervision" (Cmnd. 9695). This states the Government's intention that the maintenance of appropriate internal control systems should become an explicit statutory requirement.