The Bank of England’s missing records

The bank’s official historian highlights archiving failures and damage they cause


For much of the last quarter-century, a great deal has been made about the desirability of central bank transparency. Transparency should help to give legitimacy to an institution with enormous power but little democratic accountability. It might have been expected that the demand for transparency would have increased in the wake of the global financial crisis of 2007–08 and that there would have been an increase in supply, had there been a genuine desire to stimulate trust in the financial

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