BoE may have ‘too much to do’, experts warn
UK governments have given the Bank of England secondary objectives that risk undermining its core mandates, experts told a parliamentary committee.
David Aikman, a professor at King’s College London, said “far more weight” has been placed on secondary objectives in recent years.
“It could risk diverting the bank’s attention from its primary mandates,” Aikman told the House of Lords Economic Affairs Committee. “I think that is an additional problem in this case because we do not have a very
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Governance
Central banks differ over board term limits
Nearly half of responding central banks impose no term limits on board members
EME governors more likely to leave role early
Emerging market economy countries also less likely to limit number of terms governors can serve
Lebanese judge questions governor
Salameh interviewed in presence of European officials after initially refusing to be questioned
China to set up new party-led financial supervisors
New committees to be established by end of 2023 as part of wider supervisory change
BoJ maintains monetary easing at Kuroda’s final policy meeting
Ueda confirmed as next governor as pressure grows to abandon yield curve control
Lebanese judge to interview central bank governor
Second judge summons Salameh over allegations as observers say governor could extend term
China sets modest growth target ahead of leadership reshuffle
Outgoing premier Li calls for accommodative policy and warns of property sector risks
Swiss authorities freeze Lebanese governor’s assets – report
Lebanese prosecutor orders judge to pause investigation of crisis-hit banks