House of Commons Report on BCCI Urges Regulatory Reforms While Liquidator Issues Accusations Against 1986 Auditors

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Sunday, March 1, 1992
Pg. 84
On March 11, the House of Commons Treasury and Civil Service Committee report, entitled Banking Supervision and BCCI: International and National Regulation, recommended supervisory reform. The recommendations are likely to have some influence on the course of international bank supervisory reform due to the importance of England in leading bank supervisory laws. The report is critical of the length of time it took the Bank of England to act against BCCI…[more]