Her Majesty the Queen has reappointed a deputy governor of the Bank of England.
Sir Dave Ramsden has been reappointed as the deputy governor for markets and banking, where he is in charge of managing the directorates for payments, markets, banking, and resolution.
He will serve another five-year term beginning on September 4, 2022, and ending on September 3, 2027.
He serves in this capacity on the Financial Policy Committee, the Prudential Regulation Committee, and the Monetary Policy Committee.
The RTGS/CHAPS Board is presided over by Sir Dave Ramsden as well.
Nadhim Zahawi, the Chancellor of the Exchequer, expressed his pleasure at Sir Dave Ramsden’s reappointment to the position.
His extensive knowledge and skill will remain a huge asset to the Bank.
“I am delighted that Dave Ramsden has consented to spend a second term as Deputy Governor, Markets and Banking,” said Andrew Bailey, Governor of the Bank of England.
The work on RTGS renewal, the start of large market activities around Covid, and the initial analysis of banks’ resolvability are just a few of the significant advancements that Dave has expertly oversaw in all the areas for which he is accountable.
His dedication to influencing public policy is essential to ensuring our nation’s monetary and financial stability.
Concerning the appointment
The Bank of England serves as the UK’s central bank.
The Court of Directors, the board of directors, is in charge of running it.
On the Bank of England website, you may get further details.
On the advice of the Prime Minister and the Chancellor of the Exchequer, Her Majesty the Queen appoints all members of the Court.
Political involvement has no bearing on the selection process for the Court; all nominations are based solely on merit.
However, it is necessary to make the political activity (if any is declared) of appointees public in accordance with the original Nolan recommendations.
According to Sir Dave Ramsden, he hasn’t participated in any political activities in the previous five years.
Regarding Dave Ramsden
On September 4th, 2017, Sir Dave Ramsden started working for the Bank as the Deputy Governor for Markets and Banking.
From 2007 until 2017, Sir Dave Ramsden headed the Government Economic Service and served as the Treasury’s chief economic adviser before joining the Bank.