By Sarah Ashley and Lea Paterson
In September 2014, the Bank of England established an Independent Evaluation Office (IEO) – a core initiative of the ‘Open and Accountable’ pillar of its Strategic Plan.
The IEO reports directly to the Chairman of the Court of Directors (the Bank’s unitary Board) and operates at arm’s length from local business areas of the Bank.
The IEO has delivered three in-depth projects since its inception, with two further evaluations in progress.
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