The Head of Banking Supervision, Mr W P Cooke, describes the conduct o/banking supervision as it has developed in the United Kingdom, particularly since the Banking Act, 1979. He describes the relationship between the supervisor and bank auditor, goes on to discuss the supervisory implications of the spread of international banking, and concludes with some remarks about the need for a common and realistic approach to provisions for bad and doubtful debts.
The role of the banking supervisor - Speech by Mr W P Cooke