Common Law Remedy and or Equitable Relief.

P Newton made this Freedom of Information request to Bank of England

This request has been closed to new correspondence. Contact us if you think it should be reopened.

The request was successful.

Dear Bank of England,

This is a request for information under the FOI Act.

Please, according to the information you hold as a Public Trustee, what are the Bank Of England policies and procedures for commercial banks, granting debt remedy or relief, such as restitution or set-off? If commercial banks are engaged in unconscionable conduct and unjust enerichment through the practice of usufruct and or breach of trust, do men and women continue to have a right to remedy and or relief and if so, what is the procedure? Many thanks.

By reasonable accommodation,
Peter Newton.

Enquiries, Bank of England

1 Attachment

Dear Mr Newton

 

Thank you for your emails of 18 and 25 June. As we have explained in the
past, the Freedom of Information Act allows for members of the public to
request access to recorded information held by public institutions, but it
does not require institutions to answer general enquiries as is the case
in this email. As such your emails have been answered by the Enquiries
team.

 

Turning firstly to your email of 18 June, in which you ask about Bills of
Exchange and financial instruments, it is not entirely clear what new
information you are seeking. My colleague Thomas’ response of 31 May has
provided you with the information we have in this respect. I can only
suggest that you revisit that reply, including the material provided in
the links given.

 

Turning to the email below (25 June) I should first clarify that the Bank
of England is not a Public Trustee. If you are specifically looking for
information from the Public Trustee, I would suggest contacting the
Official Solicitor and Public Trustee, which works with the Ministry of
Justice. You can find more information here:

 

[1]https://www.gov.uk/government/organisati...

 

If you have a specific complaint regarding the conduct of a financial
institution, you would need to approach the Financial Ombudsman. They have
the legal powers to look into cases on behalf of the public. You can find
their contact details here:

 

[2]https://www.financial-ombudsman.org.uk/

 

If your concerns are more general, and about the conduct of commercial
banks as a whole, then I would suggest contacting the Financial Conduct
Authority (FCA). The FCA are UK’s conduct regulator for financial firms.

 

The Bank of England’s rules for financial institutions such as commercial
banks can be found in the PRA rulebook. My colleague Thomas provided this
to you in the response of 18 June.

 

I am afraid we can provide no further information on this matter.

 

If you have any further requests for information about the settlement of
debts, or in relation to liabilities arising in connection with the
monetary system, we ask that you either refer them to the organisations
listed above or that you seek your own legal advice on the matter, as the
Bank is no longer in a position to assist with these queries.

 

Kind regards

 

Charles

Engagement and Enquiries | Communications

Bank of England|Threadneedle St|London EC2R 8AH|+44 (0)20 3461 4878

[3][Bank of England request email]

 

[4]Bank of England

 

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Dear Bank of England,

Please pass this on to the person who conducts Freedom of Information reviews.

I am writing to request an internal review of Bank of England's handling of my FOI request 'Common Law Remedy and or Equitable Relief.'.

Thank you for your response, however, my question was specific regarding the Bank of England’s policies and procedures regarding debt remedy or relief, pursuant to any information you have recorded. Please either supply the information or confirm that you don’t have such recorded information. The Bank Of England are also named on many documents as a Trustee within Commercial Banks’ securitisation consortium.

A full history of my FOI request and all correspondence is available on the Internet at this address: https://www.whatdotheyknow.com/request/c...

Kind regards
Peter Newton.

Enquiries, Bank of England

Dear Mr Newton

We acknowledge receipt of your email dated 6 July below (our ref: CAS-10405-S3Z9B4).

We will reply in due course.

Yours sincerely

Information Access Team, Communications Directorate
Bank of England | Threadneedle Street | London EC2R 8AH | +44 20 3461 4878

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Enquiries, Bank of England

1 Attachment

Dear Mr Newton

Please find attached a response to your email of 6 July below.

Yours sincerely

Information Access Team, Communications Directorate
Bank of England | Threadneedle Street | London EC2R 8AH | +44 20 3461 4878

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