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United Kingdom Parliament Treasury Committee Update: Re-Appointments Of Dame Clara Furse And Richard Sharp Report

Date 11/03/2016

11 March 2016

The Treasury Committee publishes its report on the re-appointments of Dame Clara Furse DBE and Richard Sharp to the Bank of England’s Financial Policy Committee.

 

Chair's comments

Commenting on the report, Right Hon. Andrew Tyrie MP, Chairman of the Treasury Select Committee, said:

"The Committee has approved the re-appointments of Dame Clara Furse and Richard Sharp. We are satisfied that they have the professional competence and personal independence required in their roles as members of the FPC, and wish them both every success.

As with her appointment hearing in 2013, parts of Dame Clara’s evidence were a source of concern to the Committee. The Committee was in agreement that Dame Clara did not appear to have taken enough care with her written evidence. The Committee found it surprising that Dame Clara had not only omitted any reference to the financial stability risks posed by Brexit but, when asked why, appeared unable to provide a clear explanation."

Further information

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