Bank of England builds Brexit Team

The Bank of England has moved two senior staff members as it works to put together its post-Brexit team. The new Director of Financial Policy, Phil Evans, will be responsible for ‘co-ordinating work across the Bank’ relating to Brexit.

A statement from the Bank confirmed the moves:

The Bank of England has today announced some organisational changes to its Prudential Policy Directorate.

Vicky Saporta has been appointed Executive Director for Prudential Policy. Vicky has held a number of positions in prudential policy, financial stability and monetary analysis in a career spanning 20 years at the Bank. She was previously Director for Financial Policy in the Prudential Policy Directorate (PPD).

Phil Evans, formerly Director for International at the Bank, has been appointed Director for Financial Policy within PPD. Phil will also have responsibility for co-ordinating work across the Bank relating to withdrawal from the European Union

The Bank, and the Governor in particular, has previously been criticised for becoming ‘too political’ in the run-up the June’s referendum. Mr carney had warned that a leave vote would spark a recession. The Bank’s secret pre-referendum Breit contingency planning was revealed after a journalist was accidentally copied in to an email.

The Channel Group

The Channel Group is an independent think tank established to champion free trade.

Latest posts by The Channel Group (see all)