Banking News

Hauser appointed executive director, Banking, Payments and Financial Resilience

Hauser appointed executive director, Banking, Payments and Financial Resilience

(9 June 2015 – Britain) The Bank of England (BOE) announced the appointment of Andrew Hauser as executive director for Banking, Payments and Financial Resilience (BPFR), effective from 1 September 2015.

Hauser has been at the central bank since 1992, working at senior levels across most of the BOE’s major policy and operations areas.

Most recently he was director for Markets Strategy, leading the Fair and Effective Markets Review Secretariat.

Prior to that, Hauser headed up the Bank’s sterling markets operations, was private secretary to the Governor, Alternate UK executive director to the IMF in Washington, D.C., and head of the team responsible for producing the Inflation Report.

Hauser will report to the deputy governor for Markets & Banking, Minouche Shafik.

As executive director, Hauser will be responsible for the forward-looking assessment of financial risks to the BOE’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.

BOE governor Mark Carney, said:  “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.”

Meanwhile at the BOE’s Monetary Policy Committee meeting on 3 June, the Bank Rate was left at 0.5 percent.

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