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Clause 1 - Deputy Governors

Part of Financial Services Bill – in a Public Bill Committee at 11:45 am on 21st February 2012.

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Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury 11:45 am, 21st February 2012

No doubt when we go through the process of appointments—of identifying people who could be appointed to the court—we will look at the various characteristics that they bring. I go back to the code of the Office for the Commissioner of Public Appointments: it is about merit. We established the point in the previous debate that we want the court to be able to hold people to account. The court is there to hold the policy makers of the Bank of England to account. We need people who are capable of doing that; that should be an important characteristic.