Appointment processes for Bank of England bodies and the independence of the Financial Policy Committee

Inquiry status: Inquiry announced

Following the Financial Policy Committee appointment hearings, on 4 and 12 June 2013, the Treasury Committee announced that it will conduct an inquiry both into the rules governing the appointment and conduct of members of the Bank of England’s FPC, MPC and Court and also into the independence of the FPC.


Stages of an inquiry

Most, but not all, Select Committee inquiries are conducted as follows:

  • Written evidence called for
  • Oral evidence sessions held
  • Report published
  • Response published

Not all inquiries result in a Report

Select Committee Inquiries

Select Committees carry out inquiries on areas ranging from the work of government departments to economic affairs. The results of these inquiries are public and many require a response from the Government.