COMMONS

Accountability of the Bank of England

Inquiry status: Inquiry concluded, Report and Court of the Bank Response published

The Government has put forward proposals that would extend the responsibilities of the Bank of England to include monitoring financial stability and taking action against threats to that stability. This means a much greater and more operational role for the Bank in the financial system.

The Treasury Committee launched a timely inquiry scrutinising the accountability of the Bank of England in light of the Government's proposals.

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    Glossary

    • Reports and associated evidence – Reports of Committee inquires. This category may also include Special Reports where they are used by a Committee to bring matters relating to conduct of its business to the notice of the House.
    • Responses to Reports - Responses may be published as a Special Report, or as a Command Paper. They may also be appended to a Report should the Committee have substantial comments on the Response, in which case they can be found listed under Reports. 
    • Other oral and written evidence - Evidence taken by the Committee that has yet to or did not result in the publication of a Report. This includes transcripts of recent meetings.
    • Estimate Memoranda - An Estimate memorandum is an explanatory note that accompanies a government department’s estimate (a means by which a department seeks authority from Parliament for its spending plans).
    • Correspondence - Correspondence sent from or received by the Committee or its Chair.