BREAKING NEWS

Bank of England creates post to identify conflicts of interest

Now Reading:

Bank of England creates post to identify conflicts of interest

Text size Aa Aa

LONDON (Reuters) – The Bank of England said on Wednesday it will create a new post to identify potential conflicts of interest among its staff after a review prompted by the resignation of a top official who failed to declare her brother worked for a major bank. The Bank said it would update its requirements for notification of personal relationships and potential conflicts, as recommended in the review which was conducted by the BoE’s non-executive directors. “I welcome this review and its recommendations, which will be implemented in full,” BoE Governor Mark Carney said. In March, Charlotte Hogg resigned as deputy governor after a parliamentary committee rebuked her over her failure to declare a potential conflict of interest about her brother’s role at Barclays.

(Writing by Andy Bruce; Editing by William Schomberg)
euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.