§ Mr. Mike O'BrienTo 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 KnightThe 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.