BoE seeks to make financial stability more transparent – Brazier

Alex Brazier: accountability is not easy, but it is essential

The Bank of England is looking for ways to make its financial stability policy-making more transparent and systematic than it is at present, said Alex Brazier in remarks on May 17.

The executive director said BoE officials are already held accountable to parliament, and the central bank is transparent about its stress testing and how it meets its mandate. But, the BoE is working to “display more of the handiwork” in translating the financial stability objective into “levels of resilience” in

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