HC Deb 16 February 1994 vol 237 c788W
Mr. Bayley

To ask the Chancellor of the Exchequer what reports(a) the Treasury and (b) the Bank of England have prepared in the last five years on banking, financial services or offshore companies operating in British dependent territories in the Caribbean; what recommendations were made in those reports; what action has been taken on the recommendations; and if he will ensure that a copy of each of those reports is placed in the Library.

Mr. Nelson

The Foreign and Commonwealth Office has responsibility for offshore financial regulation in the Caribbean Dependent Territories. It published a Survey of Offshore Finance Sectors in the Caribbean Dependent Territories in 1990. A copy is in the House of Commons Library. Work is proceeding on enhanced regulation in the offshore finance sector to which both Her Majesty's Treasury and the Bank of England contribute.