HC Deb 10 July 1997 vol 297 c607W
37. Mr. Flight

To ask the Chancellor of the Exchequer if it is his objective in transferring the regulation of banks to the new regulator to avoid regulatory issues compromising the bank's judgment in setting interest rates. [6215]

Mrs. Liddell

Responsibility for Banking supervision will be transferred from the Bank of England to the Securities and Investments Board to bring the regulatory structure more closely into line with today's increasingly integrated financial markets, and deliver more effective and efficient supervision.