MPs reject Bank of England’s governance plan

The FT warn of a potential showdown between Parliament’s Treasury committee and the government after a report (to be released on Monday) rejects much of the Bank of England’s plan for its own governance. The FT reports that the committee feel the plans do not deliver the sufficient accountability and they recommend a tough supervisory board with a significant majority of external members.

For further details please visit  http://www.ft.com/cms/s/0/376a912a-451b-11e1-be2b-00144feabdc0.html#axzz1kMpI55lE