§ Mr. VazTo ask the Chancellor of the Exchequer if he has met the Governor of the Bank of England to discuss the activities of Standard Chartered bank.
§ Mr. Kenneth ClarkeI meet the Governor of the Bank of England regularly, and a wide range of issues is discussed.
§ Mr. VazTo ask the Chancellor of the Exchequer when he last met the chairman of Standard Chartered bank.
§ Mr. Kenneth ClarkeI cannot recall and I have no record of meeting the current chairman of Standard Chartered bank, or his predecessor, since my appointment as Chancellor of the Exchequer.
§ Mr. VazTo ask the Chancellor of the Exchequer if he has called for a report from the Governor of the Bank of England on Standard Chartered bank's involvement in India.
§ Mr. Kenneth ClarkeI receive regular reports from the Bank of England on a range of issues.
§ Mr. VazTo ask the Chancellor of the Exchequer what improvements he is to make to banking supervision following the involvement of Standard Chartered bank in India.
§ Mr. Kenneth ClarkeNone. The Banking Acts already give the Bank of England the powers it needs to supervise the world-wide operations of United Kingdom authorised institutions.