§ 6. Mr. Hickmetasked the Chancellor of the Exchequer what are the implications of the use by banks of note issuance facilities, revolving underwriting 658W facilities, note purchase facilities and similar instruments in connection with their lending activities for the Bank of England's supervision of their prudential lending limits; and if he will make a statement.
§ Mr. Ian StewartBank supervisors must ensure that the acceptance of new types of risk is properly controlled—without unreasonably inhibiting market development. I understand that the Bank of England takes account of these instruments in monitoring bank risk—asset ratios.