Mark Carney’s time period prolonged and Sir Jon Cunliffe re-appointed on the Financial institution of England

Mark Carney, Governor of the Bank of England, will remain in office until January 31, 2020, the Chancellor announced today (September 11, 2018). The extension was agreed in an exchange of letters published this morning between the governor and the chancellor. Sir Jon Cunliffe, Deputy Governor of the Bank of England with responsibility for financial stability, was also reappointed with effect from November 1, 2018.

Commenting on Mark Carney’s tenure as governor, the Chancellor said:

I am delighted that the governor has agreed to remain in his position for another seven months in order to support a smooth exit from the European Union and to bring vital stability to our economy.

On the reappointment of Sir Jon Cunliffe, the Chancellor said:

I am pleased to announce the reappointment of Sir Jon Cunliffe for another term as Vice Governor and I am confident that his extensive experience will continue to be of great value to the Bank of England.

additional Information

  • The letters between the governor and the chancellor can be found here.

  • Sir Jon Cunliffe was reappointed by the Queen on the advice of the Prime Minister and the Chancellor.

  • Sir Jon’s term of office runs until October 2023.

  • Sir Jon leads the Bank of England’s work on financial stability. He is a member of the Financial Policy Committee (FPC), the Monetary Policy Committee, the Board of the Prudential Regulation Committee and the Banks Court of Directors. More information can be found here.

  • The Bank of England is the central bank of the United Kingdom. It is directed by a board of directors known as the Court of Directors. You can find more information

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