Business

Two new members appointed to the Bank of England’s regulation committee

A leading academic and a senior investment banker have been appointed to the Bank of England's regulation committee.

Chancellor Philip Hammond announced today that he had appointed Professor Julia Black, a specialist in regulation law, and Jill May, a former employee at both S.G.Warburg & Co. and UBS.

The two new appointees will join Bank of England governor Mark Carney, four deputy governors, and the chief executive of the FCA on the Prudential Regulation Committee (PRC).

Read more: Carney has bigger things to worry about than meaningless Brexit forecasts

"Julia is already contributing to improve how markets operate, having joined the SONIA oversight committee," said Carney. "Her deep knowledge of financial markets regulation will now be a valuable addition to the PRC. Jills extensive expertise in banking and fund management, and experience with issues around competition in markets, will also strengthen the expertise of the PRC in these areas."

They take the seats previously occupied by Charles Randell and David Thorburn.

one other member, Norval Bryson, has been reappointed for another three-year term.

Read more: Bank of England to hold rates as weak economy spurs investment boost call

[contf]
[contfnew]

CityAM

[contfnewc]
[contfnewc]

Related Articles

Business

Pressed by COVID-19 and low oil prices, Nigeria slips into recession

africanews– Nigeria, Africa’s biggest economy, entered recession for the second time in...

Business

EU Reeling From Yellow Vest Protests. What Happens if There Is a Debt Crisis?

There is a lot of talk about which economic bubble will burst...

Business

EU Reeling From Yellow Vest Protests. What Happens if There Is a Debt Crisis?

There is a lot of talk about which economic bubble will burst...

Business

Till Trump do they part: Top tech firms cut ties with Huawei following US trade blacklisting

Last week, US President Donald Trump signed an executive order aimed at...