According to HM Treasury, King Charles has agreed with the recommendation of the Chancellor and Prime Minister that Sarah Breeden be appointed as deputy governor of the Bank of England, with responsibility for financial stability.
Breeden will take over the role on 1st November 2023, which will see her work to ensure the stability of the financial sector.
She will take a place on the Bank of England’s Financial Policy Committee, chairing it in the event of the governor’s absence, Monetary Policy Committee, and the Prudential Regulation Committee.
Breeden will also be a member of the Court of the Bank of England, chair the Financial Market Infrastructure Board, and represent the Bank of England on a number of national and international bodies.
Andrew Bailey, governor of the Bank of England, said: “I am delighted that Sarah has been appointed as Deputy Governor for Financial Stability.
“She will bring a wealth of financial and economic policy knowledge to the role, both domestically and internationally.”
Breeden said: “I am thrilled to have been appointed as Deputy Governor for Financial Stability.
“The Bank plays a critical role in supporting UK prosperity and having been committed to central banking and public service for my entire career, it will be an honour and a privilege to take up this role.”
