Andrew Tyrie hits out at Bank of England over secrecy

Andrew Tyrie, chairman of the Treasury Select Committee, said the "unsatisfactory" decision was hindering Parliamentary scrutiny of the Bank, which is becoming more powerful under planned reforms to the way the City is regulated, according to the Telegraph. In response, he has published letters from Sir David Lees, chairman of the Bank's management board, known as the Court, detailing the Bank's reasons for withholding the minutes of its meetings. Sir David, who was appointed in June 2009, said the Court had decided the release of the minutes "would set an unacceptable precedent". ...