HC Deb 24 February 1997 vol 291 c18W
Mr. Austin Mitchell

To ask the Chancellor of the Exchequer what changes in the regulatory structure his Department proposes to make as a result of the Sumitomo metal speculation case. [16916]

Mrs. Angela Knight

[holding answer 20 February 1997]The Securities and Investments Board is responsible for the oversight of the London metal exchange as a recognised investment exchange under the Financial Services Act 1986. The SIB published the report of its review of the London metal exchange on 19 December 1996 and I am placing a copy of that report in the Library of the House of Commons.