§ Mr. CryerTo ask the Chancellor of the Exchequer (1) if he has any plans to increase the Bank of England's powers to regulate banking where banks have their main offices in offshore islands; and if he will make a statement;
(2) if he has any plans to increase the Bank of England's powers to regulate banking where banks have their main offices in other EC member states; and if he will make a statement.
§ Mr. Maples[holding answer 11 July 1991]: There are no plans to increase the Bank of England's regulatory powers, but the Government and the Bank of England will be reflecting on any lessons which can be learnt from the BCCI case for the framework of regulation, both at home and internationally.