BOE gov Carney is speaking at a conference on banking ethics 21 March
No surprises then that this should be top of the agenda. No mon pol talk expected.
- we know Hogg's genuine mistake was a serious one
- former dep gov did not meet highest standards of governance and accountability
And it took Tyrie and his Treasury Select Committee to expose it. Not so great Mark. Sorry.
- BOE will learn lessons from unfortunate events around Hogg resignation to reinforce what is best in banking and BOE
We'll see eh ?
Hogg offered her resignation following a grilling from the TSC on her brother working at Barclays and other family connections in and around the scene. I posted this at the time.
More from Carney's opening remarks:
"Over the past decade, banking has suffered twin crises of solvency and legitimacy. The first is being addressed by comprehensive reforms. As a consequence, large banks are now stronger, more liquid, and more focused.
This immense progress has been overshadowed by a crisis of legitimacy. A series of scandals ranging from mis-selling to manipulation have undermined trust in banking, the financial system, and, to some degree, markets themselves."
Full speech here
US Fed's Dudley on the same platform but also saying nothing on mon pol at this stage.
You can watch it live here anyhow
Former BOE dep gov Hogg - Found out by the TSC
