Appointment of Paul Fisher to the Monetary Policy Committee of the Bank of England - Treasury Contents


Summary



In this Report we follow our practice of reporting on whether those appointed or re-appointed to the Monetary Policy Committee (MPC) of the Bank of England fulfil our criteria for appointments to the MPC of professional competence and personal independence. The Report relates to the appointment of Paul Fisher as Executive Director, Markets with effect from 1 March 2009. We welcome the decision of the Governor of the Bank of England to make appointments to the posts of Executive Directors of the Bank which carry membership of the Monetary Policy Committee subject to external advertisement, noting that this procedure was successfully used for the first time in the case of the appointment of Paul Fisher. We are satisfied that Paul Fisher meets our two criteria for appointment to the Monetary Policy Committee of professional competence and personal independence. We acknowledge Paul Fisher's strong record in academia and the Bank of England, but note it is important that he should widen his experience of financial markets. We wish him every success as a member of that body.


 
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Prepared 24 April 2009