This Bill would make the appointment of the Governor of the Bank of England dependent upon the approval of the Treasury Select Committee.Jump to full report >>
The immediate stimulus for this Bill is the substantial increase in powers given to the Bank of England under the proposed new system of financial regulation. However, the involvement of the Treasury Committee in the appointment of the Governor of the Bank of England would represent an enhancement of the powers of the select committees in the Commons.
Commons Briefing papers RP12-35
Authors: Tim Edmonds; Oonagh Gay
Topic: Financial institutions