Today’s post is concerned with the news lately that recently-appointed Deputy Governor of the Bank of England, Charlotte Hogg, broke the Bank’s code of conduct when she neglected to declare that her brother, Quinton Hogg, worked for Barclays as a Director in ‘group strategy’. This post, whilst acknowledging that Hogg’s breach of the Code is an incredible and arguably terminal breach of her responsibilities, is more concerned with the larger picture of the so-called ‘revolving door’. This case simply adds to the narrative that not only is the controlling body of financial services drawn from a particularly small pool, but that the people in charge of the direction of these institutions, namely Mark Carney in this instance, have to be hyper-vigilant­ with respect to this issue of the revolving door – the small pool dictates that conflicts of interests are likely to not be far away with any appointment. Upon being named as Deputy Governor in February of this year, Hogg also holds...