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UK lawmakers express 'serious concerns' about Bank of England FPC nominee

Wed, 05th Jun 2013 12:24

LONDON, June 5 (Reuters) - British legislators said onWednesday that they had "serious concerns" about the appointmentof former London Stock Exchange chief executive ClaraFurse to a Bank of England regulatory committee.

Lawmakers on the lower house of parliament's TreasuryCommittee challenged Furse in a hearing on Tuesday over her roleas a non-executive director at Belgian bank Fortis during itsabortive attempt to purchase a stake in rival ABN AMRO, whichforced Fortis to seek a state bailout.

"The Committee expressed serious concerns about theappointment of Dame Clara Furse," the committee said in a reporton Wednesday into her appointment to serve on the BoE'sFinancial Policy Committee, which monitors risks threateningfinancial stability in Britain.

However, the Treasury Committee said that despite thesereservations, it concluded that she had sufficient professionalcompetence and personal independence to take up the role.

It reached a similar conclusion for two other nominees,former Barclays chief executive Martin Taylor andformer Goldman Sachs executive Richard Sharp.

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