BoE names Sir John Cunliffe deputy governor

The Bank of England (BoE) has named Sir John Cunliffe, currently the UK Permanent Representative to the European Union, as deputy governor for financial stability, replacing Paul Tucker.

Cunliffe, who starts on 1 November, will have an official title of deputy governor of the Bank of England with responsibility for financial stability. He will be responsible for ensuring the safety and stability of the UK's financial sector and will sit on the Bank's Court of Directors, the Financial Policy Committee, the Monetary Policy Committee, the Board of the Prudential Regulation Authority, and will represent the Bank on a number of national and international bodies. Cunliffe has been appointed to replace Tucker [pictured], who announced on 14 June he would step down from his p...