The Bank of England has announced a new position designed to identify potential conflicts of interest among its staff, in the wake of the resignation of deputy governor Charlotte Hogg.
Hogg stepped down from her post after a being reprimanded by a parliamentary committee for not declaring the fact that her brother held a position at Barclays.
The recommendation for a new position to review conflicts of interests came after a review of the Bank’s practices by the Bank’s non-executive directors. BoE Governor Mark Carney said:
“I welcome this review and its recommendations, which will be implemented in full.”