Community
This letter is now public on the www.parliament.uk website, under /documents/commons-committees/treasury/Correspondence/2017-19/
This file name is visa-charlotte-hogg-040618.pdf
Some tough questions there, and some very fine interrogators will be on hand should the written answer not be deemed adequate (and it won't be, whatever it says, because Ms Hogg has been up in front of this committee before and the interrogators will be rubbing their hands with glee at the prospect of having Ms Hogg in the confessional again).
The previous time was when Ms Hogg was being proposed as Deputy Governor of the Bank of England and there was an issue about her having failed to disclose that her brother was a fund manager.
Ms Hogg appeared, was weighed in the scales, and was found wanting.
The Treasury Select Committee's report on that could have been drafted by any self-respecting non-conformist clerk in holy orders: its deeply censorious tone is exemplified by the conclusion to para 42 - "The Committee considers that her professional competence falls short of the very high standards required to fulfil the additional responsibilities of Deputy Governor for Markets and Banking".
Judgment was delivered in para 44: "This Report should be taken to set aside the Committee’s report of 2 March 2017, approving Ms Hogg’s appointment, which it completed without the evidence subsequently provided by Ms Hogg and the Bank".
Sentencing, however, reflected a spirit of charity and forgiveness in the best Anglican traditions, and any period in the wilderness wearing sackcloth and ashes was foregone, allowing a new role to be undertaken as President of Visa Europe.
Woe betide any sinner, though, who, like unto the camel that got stuck in the eye of the needle first time around, rocks up before the Committee in different raiment but once again connected to a case that "falls short of the very high standards required", meaning in this instance 100% network availability.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Paula Hunter Executive Director at Mojaloop Foundation
23 August
Shiv Nanda Content Strategist at https://www.financialexpress.com/
22 August
Alexander Boehm Chief Executive Officer at PayRate42
Alex Kreger Founder & CEO at UXDA
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.