A Deputy Governor of the Bank of England is the holder of one of a small number of senior positions at the Bank of England, reporting directly to the Governor.
According to the original charter of 27 July 1694 the Bank's affairs would be supervised by a Governor, the Deputy Governor and 24 directors. Since then, however, the role of Deputy Governor has been split and redefined three times (by the Bank of England Act 1998, the Financial Services Act 2012 and again in 2014), such that, as of May 2016, there are four Deputy Governors (Sir Jon Cunliffe, Ben Broadbent, Sam Woods and Sir David Ramsden). They have special responsibility for financial stability, monetary policy, prudential regulation and markets and banking respectively. In 2013, the position of Chief Operating Officer (COO) was created and has the same status and remuneration as a Deputy Governor.
Under Schedule 1 of the Bank of England Act 1998 (as amended), Deputy Governors are appointed for five year terms, and are term-limited to two terms.
A Deputy Governor of the Bank of England is the holder of one of a small number of senior positions at the Bank of England, reporting directly to the Governor. According to the original charter of 27 July 1694 the Bank's affairs would be supervised by a Governor, the Deputy Governor and 24 directors.
The governors serve as the Bank’s top level executive team, and are responsible, in conjunction with the Bank’s policy committees, for overseeing the fulfilment of the Bank’s mission.
01 Agu 2023 · The Chancellor has announced that Sarah Breeden will succeed Sir Jon Cunliffe as the next Deputy Governor for Financial Stability (DGFS) at the Bank of England.
28 Jan 2025 · The Chancellor has announced that Clare Lombardelli will succeed Ben Broadbent as the next Deputy Governor for Monetary Policy (DGMP) at the Bank of England. His Majesty The King has approved the appointment. Clare will take up her role at the Bank on 1 July 2024 for a term lasting five years.
06 Des 2024 · Sir Dave Ramsden has been reappointed as Deputy Governor for Markets and Banking, where he is responsible for oversight of Markets, Banking, Payments, and Resolution directorates. He has been reappointed for a second term of five years, from 4 September 2022 to 3 September 2027.
In July 2016, he became the deputy governor of the Bank of England, and head of the Prudential Regulation Authority (PRA), which oversees the UK banking and insurance sectors. [2] [3] [4] As head of the PRA, he succeeded Andrew Bailey, who became the head of the Financial Conduct Authority (FCA).
01 Agu 2023 · Sarah Breeden, a senior Bank of England official, will succeed Sir Jon Cunliffe as the central bank’s deputy governor for financial stability in November, the Treasury announced on Tuesday.
29 Feb 2024 · The UK Treasury named Clare Lombardelli, chief economist at the OECD, to serve as the Bank of England’s deputy governor for monetary policy, leaving a majority of women on the panel that sets...
21 Jul 2022 · Sir Dave Ramsden has been reappointed as Deputy Governor for Markets and Banking, where he is responsible for oversight of Markets, Banking, Payments, and Resolution directorates.
The governor of the Bank of England is the most senior position in the Bank of England.It is nominally a civil service post, but the appointment tends to be from within the bank, with the incumbent grooming a successor. The governor of the Bank of England is also chairman of the Monetary Policy Committee, with a major role in guiding national economic and monetary …
