Bank of England Deputy Governor offers Brexit insight

Bank of England Deputy Governor offers Brexit insight


Luke Foddy

Sir Jon Cuncliffe briefs Asia House corporate members on the Bank’s Brexit work.     

Asia House corporate members received insights on Brexit from Sir Jon Cunliffe, Deputy Governor of the Bank of England for Financial Stability, on Wednesday as part of Asia House’s Brexit series.

Sir Jon provided an exclusive briefing on the current work of the Bank of England, including responses to Brexit.

Sir Jon has specific responsibility for financial stability, and for the supervision and oversight of Financial Market Infrastructures, Resolution and International. He is a member of the G20 Financial Stability Board Steering Committee, the Bank for International Settlements’ Board of Directors and the European Systemic Risk Board. Sir Jon is also member of the Bank’s Financial Policy and Monetary Policy Committees, the Bank’s Court of Directors and the Prudential Regulation Committee.

He was speaking as part of Asia House’s Brexit Series, which aims to give Asia House members unique and informed insights into the latest developments on the UK’s exit from the EU.

Topics discussed in the briefing included the type of scenario planning being undertaken by the Bank of England and the potential actions to ensure financial stability as the UK departs from the European Union.

Corporate members represented at the event included Accenture, De La Rue, Hewlett Packard Enterprise, Finsbury, HSBC, Linklaters, Lloyds Bank, Mitsui & Co., Prudential, Standard Chartered, and UOB.