BOE's Hogg Doesn’t Meet Deputy Governor Standard: U.K.

The transcript discusses the controversy surrounding Charlotte Hogg, who faced criticism for not disclosing her brother's role at Barclays, a bank regulated by the Bank of England. Her testimony to the Treasury Select Committee was also scrutinized, highlighting her lack of expertise in monetary policy. The discussion compares the UK and US central banking structures and explores the political pressure on Hogg, suggesting her situation may be a result of broader political dynamics within the Bank of England.

What was the main reason for the controversy surrounding Charlotte Hogg's appointment?

• Her failure to disclose her brother's role at Barclays

• Her lack of experience in banking

• Her Canadian affiliation

• Her opposition to Brexit

What role did Charlotte Hogg hold before being appointed as deputy governor?

• Chief Financial Officer

• Chief Operating Officer

• Head of Monetary Policy

• Governor of the Bank of England

What did the Treasury Select Committee criticize about Charlotte Hogg's testimony?

• Her Canadian citizenship

• Her lack of monetary policy knowledge

• Her support for Brexit

• Her academic background

What was one of the criticisms of the Treasury Select Committee regarding the MPC?

• It had too many external members

• It was too focused on commercial banking

• It lacked diversity in thought

• It was too supportive of Brexit

How does the Bank of England's governance structure differ from the Federal Reserve's?

• The Federal Reserve includes more external members

• The Bank of England includes more external members

• The Federal Reserve has more commercial banking members

• The Bank of England has more academic members

What is one reason Charlotte Hogg faced political pressure to resign?

• She had no experience in banking

• She was not a British citizen

• Her appointment was seen as a way to challenge Mark Carney

• She was opposed to Brexit

What was a potential political motivation behind the scrutiny of Charlotte Hogg?

• To align with U.S. Federal Reserve practices

• To support Brexit

• To challenge Mark Carney's influence

• To increase the number of external members