MNI BRIEF: BOE Appoints New Financial Stability Director

The Bank of England has appointed Sarah Breeden as Executive Director for Financial Stability Strategy and Ris, along with a place on the Financial Policy Committee. She will move from her current role as Executive Director for UK Deposit Takers Supervision where she has overseen UK firms through the Covid-19 crisis and shaped the Bank's work on climate change.

She has previously held positions in Financial Stability, Markets and Banking Directorates, playing a leading role in both the creation of the Prudential Regulation Authority and the Bank's work during the financial crisis. Breeden will report to the Deputy Governor for Financial Stability Jon Cunliffe. Both roles will become effective from the summer when official start dates are confirmed, filling the vacancy left by the departure of Alex Brazier in March.