Free Trial

MNI BRIEF: BOE Appoints Insider Benjamin To FPC, Exec Director

(MNI) London
(MNI) London

The Bank of England has appointed senior insider Nathanael Benjamin to the post of Executive Director for Financial Stability, a position vacated by Sarah Breeden. Benjamin will serve on the Financial Policy Committee.

Breeden was promoted to be Deputy Governor and Benjamin, who has presided over surpervision of international banks in the UK since 2021 and was previously interim Executive Director for Finance and Chief Financial Officer, takes over her old post and joins the FPC.

He has spoken publicly about the need for banks to prepare to face new risks in the new macro-economic environment characterized "defined by the end of quantitative easing, higher interest rates, increasing digitalisation and climate change."

MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com
True
MNI London Bureau | +44 203-586-2223 | david.robinson@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.