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BARINGS AND THE BANK OF ENGLAND

EDM (Early Day Motion) 725: tabled on 02 March 1995

Tabled in the 1994-95 session.

This motion has been signed by 77 Members. It has received 1 amendment.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Amendment to this motion

There has been an amendment submitted to this motion.

View details of the amendment

Motion text

That this House believes that the collapse of Barings Bank cannot be dismissed as the result of actions of one individual dealer; calls for an independent inquiry to examine the failure of Barings Bank to operate an effective system of internal controls, and the apparent failure of the Bank of England, as supervisor, to ensure that adequate systems were operating effectively; recognises the public interest in efficient supervision and safeguards; calls for such an inquiry to examine why the information relating to Barings' position, which was freely available in Singapore and the Far East, should have escaped the attention of either Barings or the Bank of England; and further calls on the Bank of England to urgently examine the supervisory requirements it now imposes on the banking system.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Battle, John
Labour
Signed on 3 March 1995
Leeds West
Bayley, Hugh
Labour
Signed on 7 March 1995
York
Benton, Mr Joe
Labour
Signed on 9 March 1995
Bootle
Bradley, Mr Keith
Labour
Signed on 7 March 1995
Manchester, Withington
Campbell, Mrs Anne
Labour
Signed on 13 March 1995
Cambridge
Cann, Mr Jamie
Labour
Signed on 30 March 1995
Ipswich
Chisholm, Mr Malcolm
Labour
Signed on 7 March 1995
Edinburgh, Leith
Church, Ms Judith
Labour
Signed on 3 April 1995
Dagenham
Clapham, Mr Michael
Labour
Signed on 7 March 1995
Barnsley West and Penistone
Clarke, Mr Eric
Labour
Signed on 2 March 1995
Midlothian
Cohen, Harry
Labour
Signed on 23 March 1995
Leyton
Corbyn, Jeremy
Labour
Signed on 8 March 1995
Islington North
Corston, Jean
Labour
Signed on 7 March 1995
Bristol East
Cummings, John
Labour
Signed on 8 March 1995
Easington
Davis, Mr Terry
Labour
Signed on 6 March 1995
Birmingham, Hodge Hill
Dowd, Jim
Labour
Signed on 3 March 1995
Lewisham West
Dunnachie, Jimmy
Labour
Signed on 3 March 1995
Glasgow, Pollok
Eagle, Angela
Labour
Signed on 6 March 1995
Wallasey
Evans, John
Labour
Signed on 6 March 1995
St Helens North
Faulds, Andrew
Labour
Signed on 28 March 1995
Warley East
Griffiths, Mr Win
Labour
Signed on 23 March 1995
Bridgend
Hain, Mr Peter
Labour
Signed on 7 March 1995
Neath
Hall, Mr Mike
Labour
Signed on 8 March 1995
Warrington South
Hanson, Mr David
Labour
Signed on 7 March 1995
Delyn
Hardy, Peter
Labour
Signed on 6 March 1995
Wentworth
Hill, Keith
Labour
Signed on 3 March 1995
Streatham
Hodge, Margaret
Labour
Signed on 2 March 1995
Barking
Hoon, Mr Geoff
Labour
Signed on 2 March 1995
Ashfield
Hughes, Mr Kevin
Labour
Signed on 2 March 1995
Doncaster North
Hughes, Roy
Labour
Signed on 7 March 1995
Newport East
Hutton, Mr John
Labour
Signed on 3 March 1995
Barrow and Furness
Jones, Mr Barry
Labour
Signed on 7 March 1995
Alyn and Deeside
Jones, Mr Jon Owen
Labour
Signed on 7 March 1995
Cardiff Central
Jones, Lynne
Labour
Signed on 3 March 1995
Birmingham, Selly Oak
Jones, Mr Martyn
Labour
Signed on 21 March 1995
Clwyd South West
Jones, Mr Nigel
Liberal Democrat
Signed on 16 May 1995
Cheltenham
Khabra, Mr Piara S
Labour
Signed on 6 March 1995
Ealing, Southall
Liddell, Mrs Helen
Labour
Signed on 2 March 1995
Monklands East
Livingstone, Mr Ken
Labour
Signed on 22 March 1995
Brent East
Llwyd, Mr Elfyn
Plaid Cymru
Signed on 6 March 1995
Meirionnydd Nant Conwy
MacShane, Mr Denis
Labour
Signed on 2 March 1995
Rotherham
McAllion, Mr John
Labour
Signed on 3 March 1995
Dundee East
McCartney, Sir Ian
Labour
Signed on 7 March 1995
Makerfield
McKelvey, William
Labour
Signed on 3 March 1995
Kilmarnock and Loudoun
Meale, Mr Alan
Labour
Signed on 3 March 1995
Mansfield
Michie, Mr Bill
Labour
Signed on 3 March 1995
Sheffield, Heeley
Milburn, Mr Alan
Labour
Signed on 2 March 1995
Darlington
Miller, Andrew
Labour
Signed on 6 March 1995
Ellesmere Port and Neston
O'Brien, Mr Mike
Labour
Signed on 2 March 1995
North Warwickshire
O'Hara, Mr Edward
Labour
Signed on 8 March 1995
Knowsley South
Olner, Mr Bill
Labour
Signed on 2 March 1995
Nuneaton
Parry, Robert
Labour
Signed on 8 March 1995
Liverpool, Riverside
Patchett, Terry
Labour
Signed on 7 March 1995
Barnsley East
Pearson, Ian
Labour
Signed on 2 March 1995
Dudley West
Prentice, Bridget
Labour
Signed on 6 March 1995
Lewisham East
Primarolo, Dawn
Labour
Signed on 2 March 1995
Bristol South
Roche, Mrs Barbara
Labour
Signed on 6 March 1995
Hornsey and Wood Green
Ross, Mr Ernie
Labour
Signed on 3 March 1995
Dundee West
Simpson, Alan
Labour
Signed on 9 March 1995
Nottingham South
Smith, Mr Andrew
Labour
Signed on 2 March 1995
Oxford East
Sutcliffe, Mr Gerry
Labour
Signed on 2 March 1995
Bradford South
Timms, Mr Stephen
Labour
Signed on 2 March 1995
Newham North East
Tipping, Paddy
Labour
Signed on 6 March 1995
Sherwood
Turner, Mr Dennis
Labour
Signed on 8 March 1995
Wolverhampton South East
Wareing, Mr Robert N.
Labour
Signed on 7 March 1995
Liverpool, West Derby
Watson, Mike
Labour
Signed on 7 March 1995
Glasgow Central
Williams, Mr Alan
Labour
Signed on 23 March 1995
Swansea West
Wilson, Mr Brian
Labour
Signed on 2 March 1995
Cunninghame North
Winnick, Mr David
Labour
Signed on 8 March 1995
Walsall North
Wise, Mrs Audrey
Labour
Signed on 13 March 1995
Preston
Wray, Mr Jimmy
Labour
Signed on 2 March 1995
Glasgow, Provan

There are no withdrawn signatures for this motion.

After a motion has been tabled, other Members can table amendments to it. Amendments to this motion are shown below.

BARINGS AND THE BANK OF ENGLAND (Amendment 1)
at end add 'further notes that when the Bank of Credit and Commerce was closed by the Bank of England on 5th July 1991 the then Chancellor of the Exchequer the Right honourable Member for Kingston upon Thames refused to hold an independent public inquiry only to back track a few days later; acknowledges that the subsequent report by Lord Bingham was a landmark document; and considers it of the utmost importance that the honourable Member for Edinburgh Central's call for an independent inquiry should be heeded.'.
Labour, Leicester East
4
signatures
EDM 725A1: tabled on 7 March 1995