UK lawmakers launch inquiry into BoE’s accountability
An influential UK parliamentary committee on Thursday launched an inquiry into the implications of regulatory reform for the amount of accountability vested in the Bank of England.
The Treasury Select Committee, a panel of lawmakers who scrutinise the Treasury, Bank and soon-to-be-dismantled Financial Services Authority (FSA) among others, pointed to the fact that changes due to take place in 2012 will place a large amount of authority at the central bank. The FSA is to be split into the
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