Written question asked by Lord Flight (Conservative), in the House of Commons. It was due for an answer on Thursday, 10 July 1997. It was answered by Baroness Liddell of Coatdyke (Labour) on Thursday, 10 July 1997 on behalf of the Treasury.

Treasury

Question: If it is his objective in transferring the regulation of banks to the new regulator to avoid regulatory issues compromising the bank's judgement in setting interest rates. (Failed OPQ)

Answer: 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.

Secondary information