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António Horta-Osório To Step Down From Bank Of England’S Court Of Directors

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Following his appointment as Chief Executive of Lloyds Banking Group with effect from 1 March 2011, it has been mutually agreed by Mr Horta-Osório and the Court of the Bank of England that, because of possible conflicts of interest, it would be inappropriate for him to remain as a Non-executive Director of the Bank of England from that date. He will therefore cease to be a Non-executive Director of the Bank on 28 February 2011.Sir David Lees, Chairman of the Court of the Bank, said, “António Horta-Osório has contributed strongly to the workings of the Court of the Bank of England since his appointment on 1 June 2009. I would like to take this opportunity on behalf of his colleagues and myself of thanking him for his considerable efforts and wishing him every success in his new role.”

Mr Horta-Osório said, “It was an honour to be appointed to the Court of the Bank of England. I have been privileged to work with such a high-calibre group of colleagues and to be able to contribute to the significant work done by the Court. During this time, I have been very impressed by the culture of the Bank’s different teams, their dedication, hard work, professionalism and strong ethics.”

Note for Editors

Appointments of non-executive directors to the Court of the Bank of England are made by Her Majesty the Queen on the advice of the Prime Minister and the Chancellor of the Exchequer

http://www.bankofengland.co.uk/publications/news/2010/086.htm

Why was the head of a Spanish bank involved with the Bank of England? It says England.

What part did the B of E play in Santander getting all the Bradford & Bingley retails deposits but the bad mortgages being put into the Northern Rock bad bank?

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Why was the head of a Spanish bank involved with the Bank of England? It says England.

What part did the B of E play in Santander getting all the Bradford & Bingley retails deposits but the bad mortgages being put into the Northern Rock bad bank?

WOW, conflict of interests

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Her Majesty the Queen (and her agents) controls everything.

http://www.larouchep...r_syndrome.html

From your link

"Santander and RBS are both part of a broader international banking network called the Inter-Alpha group"

Had a look at http://www.inter-alpha.com/

The Inter Alpha Group of Banks was established in 1971 by six major European Community banks. At that time, the member banks had only limited experience in the international banking markets. The Group was formed to provide a platform for the regular exchange of ideas and explore areas for co-operation. The Group has no hierarchical structure and is connected only by a loosely worded ‘Agreement’ with each bank retaining its autonomy and independence

Membership of the group has now grown to eleven you wouldn't touch with a bargepole banks, representing fifteen European countries, namely:

AIB, NBG, RBS... will Lloyds be joining now Osorio has moved?

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Why was the head of a Spanish bank involved with the Bank of England? It says England.

What part did the B of E play in Santander getting all the Bradford & Bingley retails deposits but the bad mortgages being put into the Northern Rock bad bank?

...possibly part of the Gordo mafia....Santandar took on a few the smaller UK finance banks / BSs ...interesting he is going to Lloyds....Gordo was said to be close to the merger/takeover of HBOS...and the monopolies lot caved in rather quickly...wonder why ...?..... :rolleyes:

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Isn't this guy Portuguese anyway, so he's a foreigner at Santander too?

Why was the head of a Spanish bank involved with the Bank of England? It says England.

But why is it called the Bank of England when it covers the whole UK? It should be called the Bank o fUk :lol:

Edited by Hyperduck Quack Quack

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  • 153 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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