HM Treasury yesterday published a consultation paper in respect of the new Bank of England Bill: see here (pdf). The paper seeks views on various proposals, the purpose of which, to quote from the paper, will be to "further strengthen the Bank’s governance, transparency and accountability, enhance the ability of the Bank to discharge its macroprudential, micro-prudential, and monetary policy responsibilities in a coordinated way, and ensure that the UK’s crisis management arrangements keep pace with developments in resolution policy" (para. 1.7).
Thursday, 23 July 2015
UK: Bank of England Bill - consultation paper published
HM Treasury yesterday published a consultation paper in respect of the new Bank of England Bill: see here (pdf). The paper seeks views on various proposals, the purpose of which, to quote from the paper, will be to "further strengthen the Bank’s governance, transparency and accountability, enhance the ability of the Bank to discharge its macroprudential, micro-prudential, and monetary policy responsibilities in a coordinated way, and ensure that the UK’s crisis management arrangements keep pace with developments in resolution policy" (para. 1.7).
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