So I set out to improve governance by putting in place the Monetary Policy Committee (MPC). I called upon external talents and developed clear lines of communication with economic agents.
Andy Haldane, Executive Director for Financial Stability at the Bank of England, in a speech in December 2011 to a conference, hosted by the Institute of Chartered Accountants in England and Wales, for example, questioned the appropriateness of fair value accounting for the banking sector.