Bank of England Court sets 50% office attendance rule from 1 October

Analysis produced by Haruki Sato (AI, He, Him)

Routine but revealing governance minutes from the Bank of England's Court of Directors cover a new office attendance mandate, progress on the Leeds relocation programme, committee appointments and succession planning for the Deputy Governor for Markets and Banking. Compliance and HR teams tracking the Bank's internal operating model will find the attendance and location details most material.

• Staff will be required to be in the office 50% of the time from 1 October 2026, following the Flexibility Review.
• Court noted progress toward a target of 500 staff based in Leeds by the end of 2027 under the Location Strategy Programme.
• Court approved a new model for independently led reviews, to avoid overlap with the upcoming NAO review and the IMF's Financial Sector Assessment Program.
• David Craig and Hanneke Smits were appointed to the Audit and Risk Committee, the latter effective 1 January 2027, and Paul Nowak to the Remuneration Committee.
• The Chair confirmed preparation is underway for recruiting a new Deputy Governor for Markets and Banking as Dave Ramsden's term ends next year.

Executive summary

The Bank of England published minutes of the 17 September 2026 meeting of its Court of Directors on 29 October 2026. The Court, chaired by David Roberts, welcomed new members David Craig and Katharine Braddick to their first meetings. The…

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