§ Mr. VazTo ask the Chancellor of the Exchequer how many applications the Bank of England as now received for compensation under the deposit protection scheme from former depositors of Bank of Credit and Commerce International; if he will list the amount claimed in monetary bands; how many claims are still with the liquidators of BCCI; and what is the current backlog at(a) the Bank of England, and (b) the liquidators.
§ Mr. NelsonBy 1 July 1992 the Deposit Protection Board had received some 15,600 claims for compensation under the deposit protection scheme from former depositors of BCCI. The board does not maintain an analysis of these claims by monetary bands. On that date approximately 2,900 of these claims had been settled; another 1,800 were in the process of being settled and further clarification was being sought from depositors on another 500 claims. The remaining claim forms are currently awaiting clearance by the liquidators, once proof of debt forms have been received.
§ Mr. VazTo ask the Chancellor of the Exchequer what recent representations he has received concerning the Bank of Credit and Commerce International from(a) hon. Members and (b) members of the public.
§ Mr. NelsonMy Treasury colleagues and I have received some 17 letters on BCCI from hon. Members this year and some further 50 from members of the public.