In a subsequent debate on the report on the sixth of November nineteen ninety two, I spelt out in some detail how the government intended to fulfil that commitment and one of the regulations before the house today represents the culmination of our actions to give effect to one of Sir Thomas er Bingham's recommendations that the existing right in section forty seven of the banking act nineteen eighty seven, for auditors to report relevant information to the bank of England should become a statutory duty.