Treasury Committee press notice no.61

2 July 2008: For Immediate Release

APPOINTMENT OF LORD TURNER OF ECCHINSWELL AS CHAIRMAN OF THE FINANCIAL SERVICES AUTHORITY

APPOINTMENT OF CHARLIE BEAN AS DEPUTY GOVERNOR OF THE BANK OF ENGLAND

At its meeting today ( Wednesday 2 July), the Treasury Committee agreed its Fourteenth and Fifteenth Reports of Session 2007–08 entitled Appointment of Lord Turner of Ecchinswell as Chairman of the Financial Services Authority, and Appointment of Charlie Bean as Deputy Governor of the Bank of England.

Following the Committee's meeting to adopt the Reports, the Chairman of the Committee, John McFall MP, said: “In order to avoid market uncertainty, I am announcing today with the Treasury Committee’s agreement that the Reports to be published next week unanimously endorse the appointments of Lord Turner as Chairman of the FSA and of Charlie Bean as Deputy Governor of the Bank of England.”

The Committee’s Reports will be published on Thursday 10 July at 11.00 am as House of Commons Paper Nos. 916–I and 917–I.

For all media inquiries, please contact Laura Humble, Media Adviser, on 020 7219 2003 or 07917 488489

Reports can be purchased from the Stationery Office bookshops (tel: 0870 600 5522). The full text will also be available on the internet on the day of publication: www.parliament.uk/treascom

The uncorrected transcript of the evidence taken today will also be available on the Committee’s website in due course.