BoE establishes Enforcement Decision Making Committee

Industry News | 06/08/18

The Bank of England (BoE) has established the Enforcement Decision Making Committee (EDMC), which will be BoE’s decision-making body for contested enforcement cases within the statutory regimes operated by BoE in relation to prudential regulation, financial market infrastructures resolution. The EDMC is intended to strengthen BoE’s enforcement processes by ensuring a functional separation between BoE’s investigation teams and decision makers in contested enforcement cases.