Re-appointment of Sir Jon Cunliffe as Deputy Governor for Financial Stability at the Bank of England Contents

1The re-appointment of Sir Jon Cunliffe

Background on Sir Jon Cunliffe

4.Sir Jon became Deputy Governor for Financial Stability at the Bank of England on 1 November 2013. As part of this role, Sir Jon sits on the Monetary Policy Committee (MPC), the Financial Policy Committee (FPC), the Prudential Regulation Committee(PRC) and the Court of the Bank of England. He also has executive responsibility at the Bank for financial stability, financial market infrastructures, resolution and international.

5.Prior to this role, Sir Jon was the UK Permanent Representative to the EU from 2012 to 2013 and the Prime Minister’s Adviser on Europe and Global Economic Issues and the Second Permanent Secretary to the Cabinet Office. Before joining the Cabinet office, he had several roles within HM Treasury, his final one being Second Permanent Secretary with responsibility for the Treasury’s International and Finance Directorate from 2002 to 2007. Sir Jon Cunliffe holds a BA and MA in English Language and Literature from the University of Manchester.

Oral evidence

6.In oral evidence, the Committee questioned Sir Jon about his prior experience as well as wider questions around the outlook for the economy. Topics covered during the session included:


7.The Committee is satisfied that Sir Jon has the professional competence and personal independence to be re-appointed as Deputy Governor of Financial Stability at the Bank of England. We wish him every success in his role.

Published: 18 October 2018