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Board overseeing BOE failed in its duty during 2007 crisis

It didn't help set strategic direction to deal with Britain's first bank run in 100 years, minutes of meetings show

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Mr King said in May 2012 that the Bank of England had failed to properly identify and warn about risks facing banks in the run-up to the crisis.

London

OFFICIALS charged with overseeing the Bank of England failed to hold the central bank to account during the 2007-09 financial crisis and may have made matters worse, a senior British lawmaker said on Wednesday.

The central bank published nearly 500 pages of minutes of

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