§ Sir Thomas Arnold
To ask the Chancellor of the Exchequer what steps he is taking to monitor the implementation of the British Bankers Association—BBA—code of practice.
§ Mr. Nelson
It is for the review committee that was established under the independent chairmanship of Sir George Blunden to monitor the implementation of the banks and building societies code of banking practice. The committee reported to the BBA in May that all major retail United Kingdom banks had agreed to adhere to the code but it was concerned that a number of smaller, mainly overseas, banks which may be conducting retail business had not adopted the code. My officials are kept informed on these and other matters through regular informal contacts with the British Bankers Association.