I ought to say two things to that. The chief executive of the FCA was not summarily sacked; as I understand it, he was informed that his contract would not be renewed, and there is a world of difference. As far as I am aware, there is no practical issue of the Governor of the Bank of England or any other senior official of the Bank of England having any locus in the decision whether to renew the chief executive’s contract. If the noble Lord has evidence of that, I should be happy to see it.
Bank of England and Financial Services Bill [HL]
Proceeding contribution from
Baroness Noakes
(Conservative)
in the House of Lords on Monday, 9 November 2015.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Bank of England and Financial Services Bill [HL].
About this proceeding contribution
Reference
765 c1887Session
2015-16Chamber / Committee
House of Lords chamberLibrarians' tools
Timestamp
2015-11-11 10:06:18 +0000
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