INQUIRY INTO THE SUPERVISION OF
THE BANK OF CREDIT AND COMMERCE INTERNATIONAL
THE RIGHT HONOURABLE LORD JUSTICE BINGHAM
The following sets out the important procedural steps which the Inquiry proposes to follow.
1. An invitation is being extended to the public at large inviting written submissions and evidence.
2. Written evidence and documents are being and will be sought from the Bank of England, the Treasury and others who may be able to give evidence relevant to the Inquiry's terms of reference.
3. Selected witnesses will thereafter be invited to give oral evidence.
Oral evidence will be given in private. Any witness who wishes may be accompanied by a solicitor or counsel, as may his or her employing body or department. Witnesses will be questioned by Lord Justice Bingham and legal representatives will be given the opportunity to re-examine. No cath will be administered. A shorthand note will be taken of evidence given, which will be transcribed and a copy of the transcript supplied to the witness, who will be invited to correct, modify or elaborate any answers recorded.
not
5. Copies of the transcript of evidence given by one witness crainarily be shown to other witnesses or departments save where it is necessary in the interests of fairness or adequate enquiry that one witness should know what another has said.
5.
Provisional findings of fact will be disclosed to the subjects of them, who will be given the opportunity to suggest corrections or modifications. In particular, any individual or department which may be criticised, or upon whom the findings might be thought to reflect unfavourably, will be given a opportunity to challenge criticisms and rebut adverse findings of fact before any final conclusion is reached.
It is fully appreciated that much of the material the Inquiry will have to consider will be, for different reasons and to varying extents, confidential. Since the Inquiry is required to report, no blanket undertaking of confidentiality can be given. Those submitting documents and giving evidence are, however, invited to indicate (if possible in advance) areas claimed to be confidential, with grounds for the claim where these are not obvious. Where satisfied that a claim is well-founded, the Inquiry will respect such claim so far as the law requires or its duty to report permits.
1 August 1991