UK audit office praises most of BoE’s ‘One Bank’ strategy

Bank of England

The Bank of England (BoE) has been broadly successful in delivering a governance transformation under its ‘One Bank’ strategy, although some issues remain, according to a report by the UK’s National Audit Office (NAO).

The review, published on June 28, found the BoE had succeeded in delivering 14 of the 15 initiatives it had pursued, having identified various governance issues shortly after Mark Carney joined the central bank in 2013. The strategy sought to boost staff mobility, break down

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