Select Committee on Treasury Written Evidence


Letter from the Governor of the Bank of England to the Chairman

MARKET ABUSE DIRECTIVE DISCLOSURE REGIME AND EMERGENCY LIQUIDITY SUPPORT

  In evidence given to the Treasury Committee on 18 December 2007, I answered a question from Mr Brady about the legal advice we received on the Market Abuse Directive [Q 1652]. I said that I would be wiling to share that advice with the Committee but that I would need to explore whether I could do so or whether the advice continued to be subject to legal professional privilege. I have now checked and the advice does remain subject to legal privilege. I attach instead a note on behalf of the Tripartite Authorities on the Market Abuse Directive Disclosure Regime and Emergency Liquidity Support, that I hope the committee will find useful.

Mervyn King,

Governor of the Bank of England



 
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