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Banking Supervision And The Collapse Of Bcci

EDM number 39 in 1997-98, proposed by Keith Vaz on 21/05/1997.

That this House welcomes the decision of the Chancellor of the Exchequer to remove banking supervision from the remit of the Bank of England; notes that the shortcomings in the Bank's supervisory policy led to the collapse of the Bank of Credit and Commerce International and the loss of assets for thousands of victims; congratulates the Chancellor of the Exchequer on accepting the spirit of the recommendations of the Bingham Report; and calls on the Governor of the Bank of England, who, as Deputy Governor at the time of the closure of BCCI was responsible for supervision, to apologise to the victims for the lack of proper supervision by the Bank of England of BCCI.

This motion has been signed by a total of 27 MPs.

MPDateConstituencyPartyType
Keith Vaz21/05/1997Leicester EastLabourProposed
Ernie Ross22/05/1997Dundee WestLabourSigned
Rachel Squire22/05/1997Dunfermline WestLabourSigned
Ken Livingstone22/05/1997Brent EastLabourSigned
Richard Burden22/05/1997Birmingham, NorthfieldLabourSigned
Tom Cox22/05/1997TootingLabourSigned
Lawrence Cunliffe22/05/1997LeighLabourSigned
John Gunnell22/05/1997Morley & RothwellLabourSigned
Harry Barnes22/05/1997North East DerbyshireLabourSigned
David Taylor22/05/1997North West LeicestershireLabour Co-operativeSigned
John Austin02/06/1997Erith & ThamesmeadLabourSigned
Ian Davidson03/06/1997Glasgow, PollokLabour Co-operativeSigned
Diane Abbott03/06/1997Hackney North & Stoke NewingtonLabourSigned
Harry Cohen03/06/1997Leyton & WansteadLabourSigned
Alice Mahon03/06/1997HalifaxLabourSigned
Alan Simpson04/06/1997Nottingham SouthLabourSigned
Kelvin Hopkins04/06/1997Luton NorthLabourSigned
John McAllion04/06/1997Dundee EastLabourSigned
John McDonnell04/06/1997Hayes & HarlingtonLabourSigned
Jim Dobbin04/06/1997Heywood & MiddletonLabour Co-operativeSigned
Audrey Wise04/06/1997PrestonLabourSigned
David Chaytor05/06/1997Bury NorthLabourSigned
Dennis Turner05/06/1997Wolverhampton South EastLabour Co-operativeSigned
Martyn Jones06/06/1997Clwyd SouthLabourSigned
Huw Edwards06/06/1997MonmouthLabourSigned
Paul Flynn06/06/1997Newport WestLabourSigned
Eric Illsley10/06/1997Barnsley CentralLabourSigned

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