Why did Charlotte Hogg resign from the Bank of England?



2017-03-14T15:06:47.740Z
2017-03-14T15:06:47.740Z

Bank of England. DesheBoard

Who is Charlotte Hogg, who has resigned from her position as deputy governor of the Bank of England?

Charlotte Hogg resigned from her position as deputy governor of the Bank of England because she had not revealed that her brother Quintin had a job with Barclays' investment bank. She said her failure to disclose it was an honest mistake. Her brother's position would have been a potential conflict of interest and would have needed to be declared - a policy which Hogg herself had been involved in writing.

Her resignation letter read:

"It was an honest mistake: I have made no secret of my brother's job - indeed it was I who informed the Treasury Select Committee of it, before my hearing. But I fully accept it was a mistake, made worse by the fact that my involvement in drafting the policy made it incumbent on me to get all my own declarations absolutely right... I also, in the course of a long hearing, unintentionally misled the committee as to whether I had filed my brother's job on the correct forms at the Bank. I would like to repeat my apologies for that, and to make clear that the responsibility for all those errors is mine alone."

Sources

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