The debate continues regarding the role and powers of the Bank of England under the new financial regulatory framework coming into force next year. Kate Barker, a former member of the Bank of England's Monetary Policy Committee, has published an essay under the auspices of CentreForum titled Macroeconomic policy - too much autonomy and too little coordination: see here (pdf). In the essay, which was discussed this morning on Radio 4's Today programme, Ms Barker argues, amongst other things, that the case for delegation to the Financial Policy Committee (which will be a committee of the Bank of England’s Court of Directors), is not made out and that the institutional arrangements for the FPC are flawed.
Thursday 23 August 2012
UK: financial regulation reform and Financial Policy Committee
The debate continues regarding the role and powers of the Bank of England under the new financial regulatory framework coming into force next year. Kate Barker, a former member of the Bank of England's Monetary Policy Committee, has published an essay under the auspices of CentreForum titled Macroeconomic policy - too much autonomy and too little coordination: see here (pdf). In the essay, which was discussed this morning on Radio 4's Today programme, Ms Barker argues, amongst other things, that the case for delegation to the Financial Policy Committee (which will be a committee of the Bank of England’s Court of Directors), is not made out and that the institutional arrangements for the FPC are flawed.
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