Treasury Committee raises concerns over Bank of England diversity
The Treasury Committee has published its reports on the appointment of Dave Ramsden as Deputy Governor of the Bank of England and of Professor Silvana Tenreyro as an external member of the Monetary Policy Committee.
"The Treasury must make all efforts to encourage as diverse range of candidates for the Bank’s policy committees as possible."
The Committee has agreed that both of these appointments meet its requirements of personal independence and professional competence, but raised concerns about the composition of the policy committees, in particular about diversity at the most senior levels in the Bank of England.
MP Nicky Morgan, Chair of the Treasury Committee, has written to Philip Hammond to express the concerns of the Committee.
Commenting on the correspondence, Morgan said: “The Treasury must make all efforts to encourage as diverse range of candidates for the Bank’s policy committees as possible.
“An aim of the Commissioner for Public Appointments is to achieve greater diversity of public appointments. The Committee has asked the Treasury for its specific confirmation that it’s recruitment processes are within this remit.
“The Committee may take evidence from the most appropriate minister or official on this shortly.”
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