Treasury Committee concerned about diversity on Bank's policy committees

• 1st Report: Appointment of Sir Dave Ramsden as Deputy Governor for Markets and Banking at the Bank of England
• 2nd Report: Appointment of Professor Silvana Tenreyro to the Bank of England Monetary Policy Committee
• Letter to the Chancellor of the Exchequer regarding the concerns of the Committee, 19 October 2017
• Treasury Committee

The Committee has agreed that both of these appointments meet its requirements of personal independence and professional competence.

However, the Committee is concerned about the composition of the policy committees, and in particular about diversity at the most senior levels in the Bank of England. 

Rt Hon. Nicky Morgan MP, Chair of the Treasury Committee, has written to Rt Hon. Philip Hammond MP, Chancellor of the Exchequer, to express the concerns of the Committee.

Chair's comments

Commenting on the correspondence, Mrs 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."

Further information

• About Parliament: Select committees
• Visiting Parliament: Watch committees

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