Written question asked by Keith Vaz (Labour) on Thursday, 15 January 2004, in the House of Commons. It was due for an answer on Tuesday, 20 January 2004. It was answered by Ruth Kelly (Labour) on Tuesday, 20 January 2004 on behalf of the Treasury.
Treasury
- Question
- To ask Mr Chancellor of the Exchequer, what plans he has to improve the level of supervision of banks.
- Answer
-
Keith Vaz: To ask the Chancellor of the Exchequer what plans he has to improve the level of supervision of banks. [149499] Ruth Kelly: The regime for prudential supervision of banks is kept under constant review, both at home and internationally, in forums such as the European Union and the Basle Committee on Banking Supervision. On 1 June 1998, responsibility for the supervision of banks moved from the Bank of England to the Financial Services Authority. The legislative framework for the regulation of banks was subsequently reformed under the Financial Services and Markets Act; this came into effect on 1 December 2001.
Secondary information
- Type
- Written question
- Reference
- 416 c1113W; 149499
- Session
- 2003-04
- Subjects
- Banks Bank of England Financial services Financial Services Authority Regulation
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-24 20:42:09 +0000
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_967557
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