Treasury Committee recommends overhaul of Bank’s Court

Houses of Parliament

UK lawmakers have called for a radical shake-up of the Bank of England's Court that could see the 12-member panel become a supervisory board with greater say over policy.

In a report published on Tuesday, the House of Commons Treasury Committee said evidence suggested the governance of the Bank was "too weak" and needed to be "strengthened". It said the central bank should be more "open about its work" and held more accountable for its policies than it has been in the past. It said the Court

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