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That this House welcomes the decision of Touche Ross, the liquidators of BCCI, to commence legal proceedings against the Bank of England; considers that this action is long overdue; acknowledges that both the Bingham Report and the Treasury Select Committee Report clearly point to the supervisory failure of the Bank of England; considers it bizarre, however, that the liquidators, appointed by the Department of Trade and Industry, are suing the Bank of England which is under the jurisdiction of the Treasury; and therefore calls on the Prime Minister to intervene to ensure a just and speedy settlement of this dispute, thus saving both tax-payers' and creditors' money.
Total number of signatures: 103
Showing 103 out of 103