§ Mr. VazTo ask the Chancellor of the Exchequer what consideration was given to appointing a different company from the auditors when Price Waterhouse were appointed by the Bank of England to prepare section 41 of the Banking Act 1987 report into BCCI.
§ Mr. Norman LamontThe appointment of investigators under Section 41 of the Banking Act 1987 is a matter for the Bank of England. They have assured me that in making such appointments they choose the firm that seems best placed to perform the investigation in the circumstances.