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@ -7,6 +7,11 @@ summary: "Eddie George was the Deputy Governor of the Bank of England."
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born: 1938-09-16
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died: 2009-04-18
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location: "Carshalton, Surrey, England"
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relations:
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- type: employed_by
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with: "[[Bank of England]]"
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role: "deputy governor"
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fn: 1
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---
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Eddie George was the Deputy Governor of the [[Bank of England]].[^1]
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@ -17,6 +22,10 @@ George, along with Governor [[Robin Leigh-Pemberton]], was aware of the disastro
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On June 28, 1991, George and Leigh-Pemberton decided to act, informing the [[Federal Reserve Bank]] of the impending seizure of BCCI in the [[United Kingdom]].[^5] This decision was influenced by the revelations in the Price Waterhouse audit and the certainty that [[Robert Morgenthau]] and the Fed would take action.[^6]
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### The Kerry-Brown Findings
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The [[BCCI Kerry-Brown Senate Report|Kerry-Brown Senate Report]] treated the Bank of England's conduct institutionally. It found that in April 1990 the Bank agreed with BCCI, Abu Dhabi and [[Price Waterhouse]] to keep BCCI from collapsing, withheld information from the [[Federal Reserve Board|Federal Reserve]] that delayed its investigation by about eight months, tentatively agreed in late 1990 and early 1991 to let BCCI restructure as three separate banks, and reversed course in late June 1991.[^7]
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### Footnotes
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[^1]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 9.
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@ -25,3 +34,4 @@ On June 28, 1991, George and Leigh-Pemberton decided to act, informing the [[Fed
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[^4]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 135.
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[^5]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 146.
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[^6]: Beaty, Jonathan and Gwynne, S. C. *The Outlaw Bank: A Wild Ride into the Secret Heart of BCCI*. New York: Random House, 1993, p. 136.
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[^7]: Kerry, Senator John, and Senator Hank Brown. *The BCCI Affair: A Report to the Committee on Foreign Relations, United States Senate.* December 1992, ch. 12, "The Regulators." https://irp.fas.org/congress/1992_rpt/bcci/12reg.htm
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