Carney Defends BOE Against Brexit Charges

The transcript discusses the roles and views of the Financial Policy Committee (FPC) and the Monetary Policy Committee (MPC) on economic and financial issues. It highlights the independence of these committees and their decision-making processes, including how consensus and disagreements are managed. The Bank of England's stance on Brexit risks is also covered, emphasizing that the policy lines are determined by the committees, not the bank itself. The importance of private conversations between governors and chancellors is discussed, along with the need for transparency and public reassurance through document examination in extraordinary circumstances.

What measures are taken to ensure transparency in discussions about financial stability?

What concerns are raised regarding the recording of discussions between the governor and the Chancellor?