Written question asked by Mike O'Brien (Labour), in the House of Commons. It was due for an answer on Monday, 10 March 1997. It was answered by Angela Knight (Conservative) on Monday, 10 March 1997 on behalf of the Treasury.

Treasury

Question: What assessment he has made of the monitoring by the Bank of England of Chancery Bank's dealings prior to its voluntary liquidation.

Answer: Mr. Mike O'Brien: To ask the Chancellor of the Exchequer what assessment he has made of the monitoring by the Bank of England of Chancery bank's dealings before its voluntary liquidation; and if he will make a statement. [18703] Mrs. Angela Knight: The Banking Act 1987 places statutory responsibility for banking supervision directly on to the Bank of England. The Treasury is not responsible for making or monitoring supervisory decisions.

Secondary information