In particular it shows that there is vigorous debate among committee members; that the MPC is not subject to group-think; and that differences of views are welcomed. However, to ensure clarity and consistency of our message, we have adopted the principle of committee responsibility.
Ladies and gentlemen, the Code of Conduct also aims at promoting and maintaining high standards of professional and moral behavior within the banking sector. It is imperative, therefore, that on a continuous basis, you encourage your staff to familiarise themselves with the Code of Conduct and to ensure that they adhere to its principles in all aspects of their work.