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Bank of England appoints new executive director for Banking, Payments and Financial Resilience.

BANKING AND CREDIT NEWS-June 8, 2015-Bank of England appoints new executive director for Banking, Payments and Financial Resilience

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The Bank of England on Friday reported that it has appointed Andrew Hauser as executive director for Banking, Payments and Financial Resilience (BPFR).

The appointment of Hauser was approved by the Court of the Bank of England and is effective from 1 September 2015. Hauser joined The Bank of England in 1992 and has worked at senior levels at most of its major policy and operational areas.

Prior to his new appointment Hauser was director Markets Startegy, he has also previously held the roles of Private Secretary to the Governor, Alternate UK Executive Director to the IMF in Washington D.C, head of the team responsible for producing the Inflation Report and he has served on the secretariats to both the MPC and FPC.

Hauser will report to the Minouche Shafik, the deputy governor for Markets & Banking and his new role will see him become responsible for the forward-looking assessment of financial risks to the Bank of England's balance sheet; the operation and strategic development of the Bank's payment system services; and the Bank's wholesale and retail banking operations, including the provision of Emergency Liquidity Assistance."

Governor of the Bank of England, Mark Carney, commented "I am delighted to announce the appointment of Andrew Hauser as Executive Director for Banking, Payments and Financial Resilience. On behalf of the Bank's senior management team, I look forward to working closely with Andrew in our efforts to ensure the robust delivery of services to critical payment systems, and to reshape core markets and the Bank's relationship to them via the sound risk management of our balance sheet. I would also like to thank Andrew for all his hard and productive work as head of the Fair and Effective Markets Review secretariat over the past year"

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Publication:M2 Banking & Credit News (BCN)
Date:Jun 8, 2015
Words:329
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