Ex-stock exchange chief under fire from MPs over BoE post

Furse was interrogated by members of the Treasury select committee (TSC), who raised doubts over her independence, qualifications and fitness to join the BoE's new Financial Policy Committee (FPC) in a hearing yesterday, according to reports. Furse was criticised particularly for her prior service on the risk and capital committee of failed bank Fortis, which collapsed after its acquisition of ABN Amro assets in 2007, and her lack of enthusiasm for tighter leverage caps for banks. Conservative MP Jesse Norman called her performance "amazingly unimpressive" and said he may not support ...