Cut Bank’s vote on macroprudential body, say lawmakers
The Bank of England's votes on the forthcoming Financial Policy Committee (FPC) should be reduced, an influential panel of UK lawmakers said on Thursday.
In its report on the UK government's financial regulatory reform proposals, which will see the abolition of the Financial Services Authority and a switch to the 'twin-peaks' format, along with the establishment of the FPC, the Treasury Select Committee said Westminster ought to "reconsider the balance between Bank personnel and external members
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