Charlotte Hogg, deputy governor of the Bank of England, has resigned over family link dispute (click for more)
The Bank said Ms Hogg tendered her resignation on Monday, which the Bank accepted.
Ms Hogg was criticised by a committee of MPs for failing to disclose that her brother, Quintin, is a strategy director at Barclays. This contravenes the Bank’s codes of conduct which she was instrumental in drawing up.
In a statement, Mark Carney, governor of the Bank, said: “While I fully respect her decision taken in accordance with her view of what was the best for this institution, I deeply regret that Charlotte Hogg has chosen to resign from the Bank of England.”
The Treasury Select Committee said today that Ms Hogg’s “professional competence falls short” of the standards required to fulfil her role as Bank of England deputy governor.