Sarah Breeden has been appointed as the new Deputy Governor of the Bank of England (BoE), the Treasury has confirmed.

She will be responsible for financial stability and begin the role on 1 November.

As the BoE’s Deputy Governor, Breeden will play a crucial role in ensuring the safety and stability of the UK’s financial sector and will sit on the Financial Policy Committee – chairing it in the Governor’s absence – as well as the Monetary Policy Committee and the Prudential Regulation Committee. Her role will see her play a key role in providing a link between financial stability and monetary policy.

Breeden will also be a member of the Court of the Bank of England, chair the Financial Market Infrastructure Board, and represent the BoE on a number of national and international bodies.

Commenting on her appointment, BoE Governor, Andrew Bailey, said: “I am delighted that Sarah has been appointed as Deputy Governor. She will bring a wealth of financial and economic policy knowledge to the role, both domestically and internationally.”

Breeden added: “I am thrilled to have been appointed as Deputy Governor. 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.”

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