Carney: no double standards on conduct at BoE
Governor says central bank held itself to even higher standards than it expects of regulated firms
The Bank of England (BoE) held itself to an even higher standard than it expects of the firms it regulates in dealing with the recent breach of its code of conduct by Charlotte Hogg, governor Mark Carney said today (March 21).
UK firms are governed by the senior managers regime, which sets standards for governance and gives regulators the power to impose sanctions in the event of a breach. The BoE chose to adopt the regime itself, something Hogg oversaw as chief operating officer (COO).
After
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