§ Mr. HigginsTo ask the Chancellor of the Exchequer when the Bank of England will respond to the fourth report of the Treasury and Civil Service Committee of Session 1991–92, "Banking Supervision and BCCI: international and national supervision".
§ Mr. LamontI understand that the Bank of England has now responded to the fourth report of the Treasury and Civil Service Select Committee in Session 1991–92 "Banking Supervision and BCCI: international and national supervision". A copy of this response has been placed in the Library, together with a paper on minimum standards for the supervision of banking groups recently agreed by the Basle committee of G10 banking supervisors, to accompany and reinforce the 1983 Basle concordat.
§ Mr. HigginsTo ask the Chancellor of the Exchequer whether he is yet in a position to reply to the fourth report of the Treasury and Civil Service Committee of Session 1991–92, "Banking Supervision and BCCI: international and national supervision".
§ Mr. LamontAs the former Economic Secretary told the House on 12 March 1992 at column603, the Government will await Lord Justice Bingham's report on BCCI before reaching any conclusions on the Committee's recommendations.