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Proceeding contribution from Keith Vaz (Labour) in the House of Commons on Thursday, 16 June 2011. It occurred during Ministerial statement on Regulatory and Banking Reform.

Regulatory and Banking Reform

In three weeks' time, 5 July marks the 20th anniversary of the closure of the Bank of Credit and Commerce International. The Minister on that day 20 years ago was a young accountant working for Price Waterhouse, the much-criticised auditors of BCCI. For 20 years, the bank has been in liquidation and for 20 years we have been asking for the publication of the confidential parts of the Bingham report, which, as the Financial Secretary will know, was the basis on which we had the system of regulation that he has just changed. Is he absolutely certain that the best way of dealing with these matters is to hand them back to the Bank of England? If he is, will he please do what the previous Government failed to do and ask the Chancellor to publish the confidential parts of the Bingham report?

Secondary information

Type
Proceeding contribution
Reference
529 c969 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Compensation Consumers Banks Conduct Competition Bank of England Finance Insurance companies Financial services Insolvency International cooperation Financial Services Authority Financial markets Government shareholding Private sector Privatisation Protection Standards Sales Regulation Reform Treasury Financial Services Compensation Scheme Northern Rock plc Financial Policy Committee Financial Conduct Authority Prudential Regulation Authority Independent Commission on Banking Southsea Mortgage and Investment Company
Legislation
Draft Financial Services Bill
Link
View this Proceeding contribution on www.publications.parliament.uk