* * * In recent years, reforms in the monetary policy decisionmaking process in central banks have been in the direction of an increasing number of monetary policy committees and fewer single decisionmakers – the lone governor model.1 We are only a few months away from the 20th anniversary of the introduction of the Bank of England’s Monetary Policy Committee, just a few years after the 300th birthday of the venerable Old Lady of Threadneedle Street.
Which is why we welcome the work that the Commission will do on developing a taxonomy for the sustainability of financial assets as part of their Sustainable Finance Action Plan. For our research, however we had to develop our own template for our financial sector to fill out. We sent this template to the three biggest banks, covering around 70-80% of the market.