The Treasury Committee has announced that it will conduct an inquiry into the inconsistency of the rules governing the appointment and conduct of members of the Bank of England' s bodies. It is particularly concerned about the independence of the Financial Policy Committee (FPC): critical members have not been renewed in their post, the Chancellor has delimited FPC's remit, and it is unclear whether it will be given the power to vary the leverage ratio, as originally suggested. (Source: Treasury Committee to Inquire into BoE Appointments and FPC Independence)