Tuesday, 18 March 2014

UK: Bank of England - senior appointments and the new deputy governor for banking and markets

The Chancellor today announced three new senior appointments at the Bank of England, the UK's central bank: see here. This includes the new position of deputy governor for banking and markets, about which the Governor spoke last week. This new deputy governor position does not currently exist within the statutory framework provided by the Banking Act 1998, recently amended by Part I the Financial Services Act 2012. The Chancellor has, however, announced today that it will be placed on a statutory basis "as soon as a suitable legislative opportunity arises".

No comments: