FT Alphaville " The ultimate Bank audit (s) A fresh talking point for Monday after noon in London... The Court of the Bank of England has today commissioned a set of three reviews into areas of the Bank's performance and current capabilities in order to learn lessons and to ensure the Bank is best equipped to carry out its responsibilities in the future. All three reviews will be led by independent, internationally respected, experts. The reviews will cover: The provision of Emergency Liquidity Assistance in 2008/9. The Bank's framework for providing liquidity to the banking system as a whole. The Monetary Policy Committee's forecasting capability. So that's basically an inquiry into the bailout, an inquiry into whether London's monetary policy system is broken, and an enquiry into the stupid fan charts. Comprehensive, eh? Who's going to run these? Ian Plenderleith He's a BoE old timer, who was on the MPC in the early days. (Hmm) He'll look at the bailout stuff. Bill Winters He's the former JP Morgan hot-shot, who suddenly parted company with Jamie Dimon in 2009. Was he critical of the CIO? He'll look at whether the system is bust. David Stockton A former Fed man. He used to provide macroeconomic forecasts and the like to FOMC meetings. He'll look at the fan charts. Fuller details here Related links: HMT, the Bank of England, and ELA - FT Alphaville Just about anything and everything at FT Money Supply This entry was posted by Paul Murphy on Monday, May 21st, 2012 at 15:43 and is filed under Capital markets. Tagged with bank of england, Bill Winters, David Stockton.