Cut BoE’s vote on macroprudential body, say lawmakers
Influential parliamentary committee calls for Bank of England (BoE) executive directors’ votes to be transferred to external members, citing amount of power vested in central bank
The Bank of England's votes on the forthcoming Financial Policy Committee (FPC) should be reduced, an influential panel of UK lawmakers said last week.
In its report on the UK government's financial regulatory reform proposals, which will see the abolition of the Financial Services Authority and a switch to the 'twin-peaks' format, along with the establishment of the FPC, the Treasury Select
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