On 28 March, The Economics Affairs Committee of the House of Lords agreed to appoint Professor Rosa Lastra as specialist adviser to assist the committee in its inquiry into the Bank of England: how is independence working?
Professor Lastra is the Sir John Lubbock Chair in Banking Law and Chair of the Institute of Banking and Finance Law at Queen Mary University of London.
2023 marks the 25th anniversary of the Bank of England Act 1998, which gave the Bank of England its independence and reformed the structure, responsibilities and functions of the Bank. The inquiry will focus on the Bank’s role and remit; whether the governance structures of the Bank are appropriate; and how the Bank is being held accountable for its actions. The Committee seeks oral and written evidence on the following questions.
This is a public call for written evidence to be submitted to the Committee. The deadline for submissions is midday on 27 April 2023. Persons who submit written evidence, and others, may be invited to give oral evidence. Oral evidence is usually given in public at Westminster and broadcast online; transcripts are produced and published online. Persons invited to give oral evidence will be notified separately of the procedure to be followed and the topics likely to be discussed.