#BankOfEngland

Events (3)

• Bingham Report Lord Justice Bingham's 1992 inquiry into British supervision of BCCI, which cleared the Treasury, criticized the Bank of England as slow and overreliant on Luxembourg, and upheld its closure of the bank.
• Sandstorm Report Price Waterhouse's draft Section 41 report to the Bank of England of June 22, 1991, code-named Sandstorm, which found widespread fraud at BCCI and preceded the bank's closure on July 5, 1991.
• Three Rivers District Council v Bank of England Twelve-year English lawsuit by BCCI's liquidators and depositors accusing the Bank of England of misfeasance in public office over its supervision of BCCI, abandoned on the 256th day of trial in November 2005.