"would be supervised by a Governor, a Deputy Governor, and 24 directors. In its current incarnation, the Bank's Court of Directors has 12 (or up to 14) members, of whom five are various designated executives of the Bank. The 120th and current Governor is the Canadian Mark Carney, appointed in 2013. He is the first non-Briton to be appointed to the post, but made a commitment to the Prime Minister to take up British citizenship. Governor of the Bank of England The Governor of the Bank of England is the most senior position in the Bank of England. It is"
"Governor of the Bank of England 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 his or her 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 policy, and is therefore one of the most important public officials in the United Kingdom. According to the original charter of 27 July 1694 the bank's affairs"
"is the Prime Minister. This includes the Governor of the Bank of England (currently Mark Carney) and up to 14 directors in total (currently there are 12, 9 men and 3 women). The Governor may serve for a maximum of 8 years, deputy governors for a maximum of 10 years, but they may be removed only if they acquire a political position, work for the bank, are absent for over 3 months, become bankrupt, or ""is unable or unfit to discharge his functions as a member"". This makes removal hard, and potentially a court review. A sub-committee of directors sets"
"Mark Carney Mark Joseph Carney (born March 16, 1965) is an economist and central banker. He holds Canadian, British and Irish citizenship and has been Governor of the Bank of England since 2013 and was Chairman of the Financial Stability Board from 2011 to 2018. Carney began his career at Goldman Sachs before joining the Canadian Department of Finance. He later served as Governor of the Bank of Canada from 2008 until 2013, when he moved to his current post. His term is due to expire in January 2020. Carney was born on March 16, 1965, in Fort Smith, Northwest"
"Mark Carney Mark Joseph Carney (born March 16, 1965) is an economist and central banker. He holds Canadian, British and Irish citizenship and has been Governor of the Bank of England since 2013 and was Chairman of the Financial Stability Board from 2011 to 2018. Carney began his career at Goldman Sachs before joining the Canadian Department of Finance. He later served as Governor of the Bank of Canada from 2008 until 2013, when he moved to his current post. His term is due to expire in January 2020. Carney was born on March 16, 1965, in Fort Smith, Northwest"
"Governor for Financial Stability for the rest of his term, and Mervyn King became the first Deputy Governor for Monetary Policy. In June 2013, the position of Chief Operating Officer (COO) of the Bank of England was created. The COO has responsibility for the day-to-day operations of the Bank. They have the same status and remuneration as a Deputy Governor. Deputy Governor of the Bank of England 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"
"the Bilderberg Group in 2011 and 2012. On November 26, 2012, Chancellor of the Exchequer George Osborne announced the appointment of Carney as Governor of the Bank of England. He succeeded Sir Mervyn King on July 1, 2013. He is the first non-Briton to be appointed to the role since the Bank was established in 1694. The Bank of England was given additional powers from 2013, such as the ability to set bank capital requirements. Prior to taking up the post, Carney had already indicated disagreement with the Bank of England's Executive Director of Financial Stability Andy Haldane, specifically on"
"Deputy Governor of the Bank of England 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"
"same county, The Viscount De L'Isle. King's books include: Mervyn King, Baron King of Lothbury Mervyn Allister King, Baron King of Lothbury, (born 30 March 1948) is a British economist and public servant who served as the Governor of the Bank of England from 2003 to 2013. Born in Chesham Bois, Buckinghamshire, King attended Wolverhampton Grammar School and studied economics at King's College, Cambridge, St John's College, Cambridge, and Harvard University. He then worked as a researcher on the Cambridge Growth Project, taught at the University of Birmingham, Harvard and MIT, and became a Professor of Economics at the London"
"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. The Bank of England Act 1998, which came into force on 1 June 1998, created a second Deputy Governorship. Clementi became Deputy"
"Mervyn King, Baron King of Lothbury Mervyn Allister King, Baron King of Lothbury, (born 30 March 1948) is a British economist and public servant who served as the Governor of the Bank of England from 2003 to 2013. Born in Chesham Bois, Buckinghamshire, King attended Wolverhampton Grammar School and studied economics at King's College, Cambridge, St John's College, Cambridge, and Harvard University. He then worked as a researcher on the Cambridge Growth Project, taught at the University of Birmingham, Harvard and MIT, and became a Professor of Economics at the London School of Economics. He joined the Bank of England"
"Andrew Bailey (banker) Andrew John Bailey (born 30 March 1959) is a British central banker, who was Deputy Governor of the Bank of England from April 2013 to July 2016. He had previously served as the Bank's Chief Cashier from January 2004 until April 2011. He is currently the Chief Executive Officer of the Financial Conduct Authority. Bailey attended Wyggeston Boys' Grammar School, Leicester from where he went to Queens' College, Cambridge, where he gained a BA in History and a PhD. After university, Bailey became a research officer at the London School of Economics, before joining the Bank of"
"Paul Tucker (banker) Sir Paul Tucker (born 24 March 1958) is a British economist and central banker. He was formerly the Deputy Governor of the Bank of England, with responsibility for financial stability, and served on the Bank's Monetary Policy Committee from June 2002 until October 2013 and its interim and then full Financial Policy Committee from June 2011. In November 2012 he was turned down for the position of governor in favour of Mark Carney. In June 2013, Tucker announced that he would leave the Bank of England, and later that he would be moving to Harvard. He was"
"April 2013 Bailey became the Chief Executive of the new Prudential Regulation Authority and the first Deputy Governor of the Bank of England for Prudential Regulation. On 26 January 2016, it was announced that Andrew Bailey will take over as CEO of the UK Financial Conduct Authority. He replaced Tracey McDermott, who became acting CEO after Martin Wheatley resigned following a vote of no confidence by George Osborne in July 2015. Andrew Bailey (banker) Andrew John Bailey (born 30 March 1959) is a British central banker, who was Deputy Governor of the Bank of England from April 2013 to July"
"4 March 2000, and appointed a Deputy Lieutenant of Cornwall in March 2006. Edward George, Baron George Edward Alan John George, Baron George (16 September 1938 – 18 April 2009), known as Eddie George, or ""Steady Eddie"", was Governor of the Bank of England from 1993 to 2003 and sat on the board of Rothschild. George was born and grew up in Carshalton, the son of Alan, a Post Office clerk, and his wife Olive. He attended the independent school Dulwich College on a scholarship. Having learnt to speak Russian at Dulwich, he carried out his National Service at the"
"Edward George, Baron George Edward Alan John George, Baron George (16 September 1938 – 18 April 2009), known as Eddie George, or ""Steady Eddie"", was Governor of the Bank of England from 1993 to 2003 and sat on the board of Rothschild. George was born and grew up in Carshalton, the son of Alan, a Post Office clerk, and his wife Olive. He attended the independent school Dulwich College on a scholarship. Having learnt to speak Russian at Dulwich, he carried out his National Service at the Joint Services School for Linguists. He attended and graduated from Emmanuel College, Cambridge."
"in 1990 as a non-executive director, and became the chief economist in 1991. In 1998, he became a deputy governor of the bank and a member of the Group of Thirty. King was appointed as Governor of the Bank of England in 2003, succeeding Edward George. Most notably, he oversaw the bank during the financial crisis of 2007–2008 and the Great Recession. King retired from his office as governor in June 2013, and was succeeded by Mark Carney. He was appointed a life peer and entered the House of Lords as a crossbencher in July 2013. Since September 2014 he"
"It also acted as a lender through the 19th century in emergencies to finance banks facing collapse. Because of its power, many believed the Bank of England should have more public duties and supervision. The Bank of England Act 1946 nationalised it. Its current constitution, and guarantees of a degree of operational independence from government, is found in the Bank of England Act 1998. Under section 1, the bank's executive body, the ""Court of Directors"" is ""appointed by Her Majesty"", which in effect is the Prime Minister. This includes the Governor of the Bank of England (currently Mark Carney) and"
"of the Bank of England. In that role, she was responsible for the day-to-day management of the bank, including human resources, finance, property, IT, and security, as part of Carney's efforts to streamline the institution. However, she had no policy making decisions as that falls to the Governor and Deputy Governor. As COO, she had the same status and received the same remuneration as a Deputy Governor. On 9 January 2017, it was announced that she had been appointed Deputy Governor (markets and banking) in succession to Minouche Shafik, while retaining her title as COO, making her a potential successor"
"Cameron Cobbold, 1st Baron Cobbold Cameron Fromanteel ""Kim"" Cobbold, 1st Baron Cobbold (14 September 1904 – 1 November 1987) was a British banker. He served as Governor of the Bank of England from 1949 to 1961 and as Lord Chamberlain from 1963 to 1971. Born in London in 1904 to Clement John Fromanteel Cobbold and his wife Stella Willoughby Savile Cameron, Cobbold was educated at Eton College. He also spent one year at King's College, Cambridge. Cobbold joined the Bank of England at the invitation of bank Governor Montagu Norman in 1933. He was appointed Deputy Governor in 1945 and"
"Deputies before the competent Committee to inform about the proposed candidate. The governor's mandate lasts six years and is not renewable. The governor's functions are: The following people have served as Governor of the Bank of Spain: Governor of the Bank of Spain The Governor of the Bank of Spain () is the head of the Bank of Spain, the central bank of Spain. The current governor is Pablo Hernández de Cos, who took office on 11 June 2018. The Governor of the Bank of Spain is appointed by the Monarch of Spain at the proposal of the Prime Minister"
"Governor of the Bank of Spain The Governor of the Bank of Spain () is the head of the Bank of Spain, the central bank of Spain. The current governor is Pablo Hernández de Cos, who took office on 11 June 2018. The Governor of the Bank of Spain is appointed by the Monarch of Spain at the proposal of the Prime Minister of Spain, and is a Spanish person with recognized competence in monetary or banking matters. Prior to appointment of the Governor, the Minister of Economy and Finance appears as provided in the Regulations of the Congress of"
"1981 Budget. King joined the bank in March 1991 as chief economist and executive director, after being a non-executive director from 1990 to 1991. He was appointed Deputy Governor in 1997, taking up his post on 1 June 1998. In the same year, King became a member of the Group of Thirty. An ex-officio member of the bank's interest-rate setting Monetary Policy Committee since its inception in 1997, King took part in its monthly meetings. He succeeded Sir Edward George as governor on 1 July 2003, and was also the first incumbent governor of the Bank of England to be"
"of England, before becoming an Assistant Professor at Columbia University. He joined Goldman Sachs in 2000 as Senior European Economist, a position he held until 2011. In June 2011, he replaced the departing Andrew Sentance on the Bank of England Monetary Policy Committee. Broadbent is also an Executive Fellow of Economics at London Business School. Ben Broadbent Benjamin Robert Hamond Broadbent (born 1 February 1965) is a British economist and has been Deputy Governor for Monetary Policy at the Bank of England since 1 July 2014. He had previously been an external member of the Bank of England's Monetary Policy"
"Montagu Norman, 1st Baron Norman Montagu Collet Norman, 1st Baron Norman DSO PC (6 September 1871 – 4 February 1950) was an English banker, best known for his role as the Governor of the Bank of England from 1920 to 1944. Norman led the bank during the harshest period in British economic history and was noted for his somewhat raffish character and arty appearance. A very influential figure, Norman, according to the Wall Street Journal, was referred to as ""the currency dictator of Europe"", a fact which he himself admitted to, before the Court of the Bank on March 21,"
"the Bank's COO has been Charlotte Hogg. , the Bank's chief economist is Andrew Haldane. Representing the Bullionist perspective, Economist David Ricardo argued that the Bank of England caused inflation and depreciation of the pound by over-issuing banknotes to purchase government securities because of the 1797 suspension of convertibility of pound into specie. The convertibility was suspended to prevent widespread conversion of banknotes into specie as the likelihood of war between England and France grew and fears of a French invasion increased. Before 1797, banknotes issued by the Bank of England were required to be convertible into specie. In the"
"Chief Cashier of the Bank of England The Chief Cashier of the Bank of England is the person responsible for issuing banknotes at the Bank of England and is the director of the divisions which provide the Bank of England's banking infrastructure. This person is known to the general public because since 1870 the Chief Cashier's signature is printed on all bank notes issued by the Bank of England. In 2004 a new post was created, Executive Director of Banking & Chief Cashier, incorporating the title. The post is currently held by Sarah John who was appointed in June 2018."
"Robin Leigh-Pemberton, Baron Kingsdown Robert ""Robin"" Leigh-Pemberton, Baron Kingsdown, (5 January 1926 – 24 November 2013) was a British Peer and banker, who served as Governor of the Bank of England from 1983 to 1993. Leigh-Pemberton was educated at St Peter's Court, then at Eton College. He attended Trinity College, Oxford, graduating in 1950. In 1954, he was called to the Bar, and he practised law for several years. He eventually became chairman of the National Westminster Bank, then Governor of the Bank of England from 1983 until 1993. He was appointed to the Privy Council in 1987, and created"
"coming to power the Bank was given independence in setting UK interest rates by Gordon Brown, the incoming Chancellor of the Exchequer. He was succeeded as Governor of the Bank of England in July 2003 by Mervyn King. George attracted controversy in 1998 when he was widely reported to have made a statement to London newspaper executives implying that unemployment in the north of England was a price worth paying to preserve affluence in the south of the country. He later claimed that his remarks had been misconstrued. George served as a Governor of his former school, Dulwich College, between"
"Ben Broadbent Benjamin Robert Hamond Broadbent (born 1 February 1965) is a British economist and has been Deputy Governor for Monetary Policy at the Bank of England since 1 July 2014. He had previously been an external member of the Bank of England's Monetary Policy Committee between June 2011 and June 2014. He attended St Paul's School, London from 1977 to 1982, gained a first-class honours degree in Economics from Trinity Hall, Cambridge in 1988, and then studied for a Ph.D at Harvard University, where he was a Fulbright Scholar. After working for HM Treasury, he worked for the Bank"
"David Scholey Sir David Gerald Scholey (born June 1935) is a British merchant banker. He is the former chairman and chief executive of S. G. Warburg and was a director of the Bank of England from 1981 to 1998. He is a former governor of the BBC, and a former chairman of the board of trustees of the National Portrait Gallery. David Scholey was born in June 1935. Scholey is the former chairman and chief executive of S. G. Warburg. He was a director of the Bank of England from 1981 to 1998. He is a former governor of the"
"on 30 April 2014. John Houblon Sir John Houblon (13 March 1632 – 10 January 1712) was the first Governor of the Bank of England from 1694 to 1697. John Houblon was the third son of James Houblon, a London merchant, and his wife, Mary Du Quesne, daughter of Jean Du Quesne, the younger. He had nine brothers and three sisters. The Houblon family were Hugeunots from Lille and he later became an elder in the Huguenot Church in Threadneedle Street. He married Mary Jurin in 1660, who came from a Flemish Protestant family and they had five sons and"
"is a Deputy Lieutenant of Kent and is the parish chairman for the neighbouring parish of Wormshill. Robin Leigh-Pemberton, Baron Kingsdown Robert ""Robin"" Leigh-Pemberton, Baron Kingsdown, (5 January 1926 – 24 November 2013) was a British Peer and banker, who served as Governor of the Bank of England from 1983 to 1993. Leigh-Pemberton was educated at St Peter's Court, then at Eton College. He attended Trinity College, Oxford, graduating in 1950. In 1954, he was called to the Bar, and he practised law for several years. He eventually became chairman of the National Westminster Bank, then Governor of the Bank"