The Chairman of Court, Sir David Lees, said "The Reviews made a large number of specific recommendations, and the Bank has presented a full response and where appropriate an action plan for each one, the delivery of which will be monitored by the new Oversight Committee of Court. This exercise has been valuable in its own right, and has also served as an illustration of what the Bank’s Oversight Committee may be expected to achieve when it takes up its new responsibilities next month."
The Bank's response