We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

BoE Acts On Travel Expenses After Pressure From MPs

Law360, London (December 14, 2018, 3:26 PM GMT) -- The Bank of England said Friday it has tightened its expenses regime after two senior regulatory experts, one of them a former vice chairman of the U.S. Federal Reserve, angered MPs by racking up £390,000 ($490,000) on travel costs over two and a half years.

The central bank acted after the powerful House of Commons Treasury committee criticized the two senior economists in June, saying their travel claims had been "staggeringly high."

Beginning from March, bank staff will be permitted to fly business class only in limited circumstances, including to meet disability needs, when governors or committees members are working on...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!