- Former Bank of England deputy governor Rachel Lomax will reportedly become the senior independent director at HSBC according to news on the internet.
- But can a previous regulator be an independent director of the regulated institution? is that in public interests?
- Should not the regulator and monetary authority be above any embarrassment at a future date?
- A deputy Governor may have taken decisions affecting the management of the bank at some time the Deputy Governor's career. Is it fair to the system. Ethically, should there be a code of conduct?
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