Lawmakers grill BoE’s court over stability mandate

westminster parliament

UK lawmakers on Tuesday challenged the Bank of England's Court of Directors' accountability structure under its enhanced financial stability remit.

The Court of Directors is the governing body of the Bank of England and is responsible for managing the affairs of the Bank, other than the formulation of monetary policy, which it has no authority to challenge. Under the proposals released by the UK Treasury earlier this year, however, the Financial Policy Committee (FPC) will make recommendations

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