The House of Commons' powerful Treasury Committee will quiz the Governor of the Bank of England and the heads of the Financial Services Authority this month The Independent reports.
The committee will question Mervyn King, the Bank of England's Governor, and the deputy governor for financial stability, Sir John Gieve, on 20 September. Likely subjects for questions will include the Bank of England's emergency credit facility, the role of the credit rating agencies, and the stability of the financial system. "We will ask how the emergency facility is being used, what the Bank's view of liquidity is, how we got into this position, and what reassurances the Bank can provide as to the stability of the entire system," Michael Fallon, the senior Conservative member on the c...
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