Central Banks

BoE's Hogg resigns over failure to flag conflict of interest

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The Bank of England said Charlotte Hogg had resigned as its deputy governor for banking and markets and as its chief operating officer after she failed to declare a potential conflict of interest about her brother's role at Barclays.

"While I fully respect her decision taken in accordance with her view of what was the best for this institution, I deeply regret that Charlotte Hogg has chosen to resign from the Bank of England," BoE Governor Mark Carney said in a statement.

Earlier on Tuesday, a committee of lawmakers said Hogg could no longer be considered suitable for her role.

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