Charlotte Hogg may get a roasting from the MPs mulling whether she is fit for her job at the Bank of England, as banks slam her slip in ethics
Charlotte Hogg's fate as a deputy governor at the Bank of England is facing renewed pressure, as MPs are busily mulling whether she is fit for her role.
Hogg has come under fire in recent weeks for failing to declare her brother's job at Barclays as a potential conflict of interest. Prior to her promotion, she had been the central bank's operating chief since 2013.
The influential Treasury Select Committee is currently considering whether to give its blessing to Hogg's promotion. CityAM understands the MPs are likely to discuss the 46-year-old's new role with the Old Lady of Threadneedle Street tomorrow afternoon.
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Meanwhile, the Sunday Times has reported the Committee will likely publish its verdict before the end of the week but, while it will probably contain some sobering words about Hogg's behaviour, it is less clear whether the MPs will withhold their support for her appointment.
A number of senior bankers also expressed their dismay at the ethical slip-up, with one telling the Sunday newspaper: "I don't see why we can't say we are only human when we are accused of failing to disclose similar conflicts of interest."
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Hogg has already sent a letter of apology to Andrew Tyrie, chair of the Treasury Select Committee, which read: "I should have formally declared my brother's role when I first joined the bank. I did not do so and I take full responsibility for this oversight."
CityAM has contacted the Bank of England for comment.