Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 19 October 2011.
Terms of Reference
Summary
1 Introduction
The accountability of the Bank of England
2 Historical context
Before 1997
The tripartite system
3 The Court of the Bank of England
The origins and role of the Court
Make-up of the new Supervisory Board
The Chairman of the new Supervisory Board
Size of the new Supervisory Board
Appointment and review of members of the new Supervisory Board
Staff available to the Court
Ex-post review of policy performance
The availability of information to the new Supervisory Board
Provision of information by the new Supervisory Board
4 Committees of the Bank of England
Membership and appointments
The risk of groupthink
The financial stability objective
Macro-prudential measures
Duty of the Bank to explain its decisions
Handling conflicts between policy areas
The Financial Operations Committee
The monetary policy objective of the Bank
5 The office of Governor of the Bank of England
Appointment and dismissal
Term length and reappointment
Parliamentary involvement in appointment and dismissal
6 Crisis management and the role of the Chancellor
Responsibility in a financial crisis
The Chancellor and crisis management
A wider role for the Chancellor?
Conclusions and recommendations
Formal Minutes
Witnesses
List of printed written evidence
List of additional written evidence
List of Reports from the Committee during the current Parliament Oral and Written Evidence
15 March 2011
23 March 2011
20 June 2011
21 June 2011
28 June 2011
5 July 2011
