The Accountants (Banking Act 1987) Regulations 1994
These Regulations implement the recommendation in the Report of the Bingham Inquiry into the supervision of the Bank of Credit and Commerce International published on 22nd October 1992 that a statutory duty should be imposed on the auditors of banks to report to the Bank of England matters which were relevant to the fulfilment by banks of the criteria for authorisation in Schedule 3 to the Banking Act 1987.