§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer how many times in 1990, 1991 and 1992 bank auditors notified the Bank of England of suspected fraud and irregularities.
§ Mr. NelsonThe term "suspected fraud and irregularities" is capable of being interpreted in different ways. But on the basis of a reasonable interpretation, the Bank of England advises that the number of notifications in those years was as follows:
Number 1990 2 1991 3 1992 0 I cannot, of course, comment on the details of any particular supervisory case as such information is covered by part V of the Banking Act 1987.