Lord Myners – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Lord Myners on 2014-04-02.

To ask Her Majesty’s Government what guidance HM Treasury has given to the Bank of England, the Financial Conduct Authority and the Prudential Regulatory Authority on the use of selective press briefing of unannounced policies or position statements on matters judged to be market price-sensitive.

Lord Newby

The Bank of England, the Financial Conduct Authority and the Prudential Regulation Authority are operationally independent of Government. HM Treasury does not issue them with operational guidance about how they should discharge their statutory duties.