Second, in order to ensure the independence of the Bank, Policy Board members' term of office is set as five years and during this term their status is guaranteed, with causes for dismissal limited to, for example, physical or mental disorders. Third, the attendance of government representatives at monetary policy committees varies according to central banks.
At the Federal Reserve System, government representatives are not allowed to attend FOMC meetings. At the ECB, the President of the ECOFIN Council and a member of the European Commission (usually the Commissioner responsible for Economic and Monetary Affairs) often attend the Governing Council meetings. At the BOE, a representative from the Treasury attends MPC meetings.