Economic and Monetary Union

HC Deb 02 December 1997 vol 302 cc167-8W

Mr. Mitchell

To ask the Chancellor of the Exchequer if he will list the regulatory authorities responsible for the licensing and operation of banks and credit institutions in the even of UK entry to EMU. [17523]

Mrs. Liddell

The regulatory authorities responsible for authorising banks and other credit institutions would not change in the event of the UK joining the single currency.