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BoE deputy governor quits because of a conflict of interests

A deputy governor of the Bank of England Charlotte Hogg has resigned for concealing a conflict of interest, according to Reuters.

Charlotte Hogg has worked in the bank since July 2013 as chief operating officer. On March 1 2017, she was promoted to deputy governor. In this regard she had to submit documents to the parliament. Then it turned out that her brother holds a high position in a large British bank Barclays, whose activities is regulated by the Bank of England, and she did not mention it when she was obtaining employment in British financial regulator.

Despite the fact that Charlotte Hogg herself confessed to the conflict of interest, this caused a scandal. As a result, on March 14, the Bank of England announced that Charlotte Hogg resigns on own accord.

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