Bank of England accountability plan "falls well short" - MPs

LONDON (Reuters) - Bank of England proposals to overhaul its governing body as it prepares to receive broad new powers are inadequate and would hide officials from proper public scrutiny, an influential parliamentary panel said on Monday. The central bank is poised to become the most powerful financial regulator under new laws drawn up by the coalition government to help avoid a repeat of the credit crisis of 2007-08. ...