The House of Commons Treasury Committee has published its eighth report of session 2015/16 on the scrutiny of appointments. It covers the appointments of various chairs and directors including the:
- Governor, Deputy Governors and other Members of the Monetary Policy Committee and Members of the Financial Policy Committee (including externals);
- Chair of the Court of BoE;
- Chair of FCA; and
- Chair of FCA’s Regulatory Decisions Committee.
The report discusses the appointment of FCA’s Chief Executive and the benefits of a veto over the decision on a pre-appointment basis (see FReD 29 January). It outlines the government’s response that, while the FCA Chief Executive should be subject to a Treasury Committee hearing, this should be a pre-commencement hearing according to the process appropriate for market-sensitive appointments, rather than a pre-appointment hearing. (Source: Treasury Committee scrutinises appointments)