![Central Banking](https://www.centralbanking.com/sites/default/files/styles/print_logo/public/2017-03/print-logo.png?itok=_maJqRIT)
Osborne to drive through BoE’s new supervisory powers
![george-osborne-hi george-osborne-hi](/sites/default/files/styles/landscape_750_463/public/import/IMG/002/181002/george-osborne-hi-580x358.jpg.webp?itok=kaB0m8hb)
The UK government is keen to drive through new legislation under its latest Financial Services Bill that will give the Bank of England statutory powers for prudential supervision, according to the UK's chancellor of the exchequer, George Osborne.
Osborne on Thursday told the House of Lords Economic Affairs Committee he did not want to try to push all aspects of the so-called ‘Vickers report' into law immediately for fear this could delay legislation aimed at granting new powers to the central
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com