LONDON (Reuters) - The Bank of England said on Wednesday it has appointed former U.S. Federal Reserve policymaker Kevin Warsh to head a review of whether or not its should make transcripts of discussions at Monetary Policy Committee meetings.
Currently the Bank does not keep transcripts of MPC meetings, and recordings are used only to inform writers of the official minutes before being deleted.
British lawmakers have asked the BoE to consider making and keeping transcripts of their MPC meetings so they can be released after a number of years, as done by the Fed and the European Central Bank.
Warsh served as a member of the Fed's Board of Governors from 2006 until 2011 and will examine the benefits and the costs of publishing transcripts, the BoE said.
"His broad knowledge of central banking and his experience as a member of the Federal Reserve Board will be of particular value in addressing the question," BoE Governor Mark Carney said in a statement.
(Reporting by Andy Bruce, editing by David Milliken)