Bank of England officials accused of 'misleading' BCCI inquiry

Article Abstract:

Three Bank of England's senior officials were accused of lying to Lord Bingham at the time of his inquiry in 1992 into the collapsed bank BCCI. These allegations were made in the High Court by BCCI creditors, under the guidance of the Middle Eastern bank's liquidators Deloitte, which had made legal history by being the first organization to sue the Bank of England.

Commercial Banks, Executive changes & profiles, Banking industry, Officials and employees, Company legal issue, Investigations, Remodeling and renovation, Bank of Credit and Commerce International Ltd., United Kingdom. Bank of England

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Whitehall stalls on audit liability

Article Abstract:

The campaign for limitation of auditor liability was held up as the government departments especially the Treasury was not convinced regarding its implementation. The accountancy profession is however struggling hard in Whitehall for early adoption of measures to limit any future liability.

Government regulation (cont), Government regulation, Accounting Methods, Legal/Government Regulation, Liabilities (Accounting), Laws, regulations and rules, Accounting

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