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BoE gives financial resolution brief to Deputy Governor Ramsden

Thu, 30th Jan 2020 15:01

LONDON, Jan 30 (Reuters) - The Bank of England said on
Thursday it will transfer Deputy Governor Jon Cunliffe's
responsibilities for the resolution of financial firms to Deputy
Governor Dave Ramsden, effective Feb. 3.

"This reallocation of responsibilities follows Sir Jon
Cunliffe's appointment as Chair of the Bank for International
Settlement's Committee on Payments and Market Infrastructure and
increasing involvement in cross border payment and central bank
digital currency issues," the BoE said in a statement.

"This is a change in Deputy Governor responsibilities only.
There is no change to Bank's Resolution Directorate and the
Governor continues to be ultimately responsible for resolution."
(Reporting by Andy Bruce; editing by Costas Pitas)

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