The IEO is an independent unit that sits within the Bank. It operates at arm’s length from other areas so as not to compromise the independence of the Bank’s policy making. The Court of Directors has a statutory obligation to keep the Bank’s performance under review, and the IEO supports this through its in-depth evaluations. When necessary, the IEO also supports reviews carried out by independent third parties.
The IEO reports directly to the Chairman of Court, who sets the IEO’s remit and work programme, typically in consultation with other Court Directors.
If you have any questions or you would like to give feedback on the Independent Evaluation Office’s work, email firstname.lastname@example.org.
Current work by the Independent Evaluation Office
In 2017, Court commissioned the IEO to carry out two in-depth evaluations:
- evaluating the Bank’s approach to providing sterling liquidity;
- evaluating the Bank’s resolution function.
The IEO is additionally supporting the Review by Court’s Non-Executive Directors of the Bank’s approach to managing conflicts of interest.
We will publish all in-depth evaluations carried out by the IEO unless there are public interest grounds for withholding them. Where appropriate, a response from relevant areas of the Bank will be published at the same time.