BoE rejects proposals to revamp court

Bank of England

The Bank of England has rejected proposals by the Treasury Select Committee to overhaul its governing body, and instead called for a new Oversight Committee to be created "within" the central bank to monitor financial stability policy.

In October 2011, the Treasury Select Committee recommended that the bank's court be reformed into a supervisory board with an "enhanced mix of skills" to perform its expanded oversight role effectively.

However, in a report published on January 17, the bank's

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