Harrods Bank (Hansard, 13 June 1990)

§ Mr. Hoyle
To ask the Secretary of State for Trade and Industry when he expects to hear from the Bank of England regarding Harrods bank.

§ Mr. Redwood
My right hon. Friend hopes to hear from the bank before long.

§ Mr. Dykes
To ask the Secretary of State for Trade and Industry if he will make a statement on discussions between his Department and the Bank of England concerning the control of Harrods Bank Ltd.; and whether the Bank has been sent any recommendations for action since receiving the official investigation report in August 1988.

§ Mr. Redwood
My Department sent the report to the Bank of England in view of the Bank's regulatory responsibilities under the Banking Act.
It is for the bank alone to determine whether any action by it is required under that Act.