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Bank of England deputy governor with brother in senior Barclays role faces calls to resign

Section: Daily Dispatches

By Tim Wallace
The Telegraph, London
Tuesday, March 7, 2017

Charlotte Hogg is facing calls to resign as deputy governor of the Bank of England after she failed to notify its ruling body that her brother is director of group strategy at Barclays, which she monitors closely in her new job.

Ms. Hogg has been given a verbal warning by Governor Mark Carney in her first week in the job as his deputy, but members of Parliament are increasingly concerned about her failings, given her key role in charge of regulating banks and markets.

The error came to light a week after Ms. Hogg appeared before the House of Commons Treasury Select Committee, during which she said that she had told the bank of her brother's job at the time she joined the central bank as chief operating officer in July 2013.

However, in a letter sent following the hearing to committee chairman Andrew Tyrie, which was published today, she admitted that she had not done so. ...

... For the remainder of the report:


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