§ Mr. BeggsTo ask the Chancellor of the Exchequer what conclusions have been reached by the investigations to date into the collapse of BCCI on local authority investment practice.
§ Mr. PortilloThe scrutiny of local authorities' financial practices is the responsibility of statutory independent auditors appointed by the Audit Commission in England and Wales and the Accounts Commission in Scotland. The Government keep under review the general controls that they have upon local authorities' borrowing and investment activities.