§ Mr. Allan Stewartasked the Chancellor of the Exchequer whether he has any plans to place limits on the extent to which banks in the United Kingdom can be exposed to losses in foreign exchange; and if he will make a statement.
§ Mr. LawsonThe Bank of England is discussing with the banking community, in connection with its supervisory functions under the Banking Act 1979, ways of limiting exposure to foreign exchange losses. It is hoped that definitive guidance can be produced in a matter of months.