HC Deb 10 March 1997 vol 292 c20W
Mr. Mike O'Brien

To ask the Chancellor of the Exchequer what assessment he has made of the monitoring by the Bank of England of Chancery bank's dealings before its voluntary liquidation; and if he will make a statement. [18703]

Mrs. Angela Knight

The Banking Act 1987 places statutory responsibility for banking supervision directly on to the Bank of England. The Treasury is not responsible for making or monitoring supervisory decisions.