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Wednesday 9 August 2017

Bank of England creates post to identify conflicts of interest

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.Image result for Bank of England
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.
© Reuters News

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