Bank of England: new MPC member faces scrutiny from Treasury MPs

Select committee will ask Gertjan Vlieghe to prove independence from the Brevan Howard hedge fund, where is he is a partner

The Treasury select committee is preparing to challenge newly appointed member of the Bank of England’s monetary policy committee, Gertjan Vlieghe, to prove his independence from the hedge fund Brevan Howard, where he is a partner.

Andrew Tyrie, the Conservative MP who chairs the cross-party committee of MPs, said: “It is essential that the MPC is – and is seen to be – independent. The Treasury committee will be seeking reassurance that Mr Vlieghe’s business interests do not pose a conflict with his membership of the MPC when he comes for an appointment hearing in the autumn.”

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Source: The Guardian Circular Economy RSS