Paul Tucker (banker)

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Sir Paul Tucker
Deputy Governor of the Bank of England for Financial Stability
In office
March 2009 – October 2013
Governor
Preceded by John Gieve
Succeeded by Jon Cunliffe
Member of the Monetary Policy Committee
In office
June 2002 – October 2013
Governor
Member of the Financial Policy Committee
In office
April 2013 – October 2013
Governor
Personal details
Born (1958-03-24) 24 March 1958 (age 56)
Alma mater Trinity College, Cambridge
Profession Economist

Sir Paul Tucker (born 24 March 1958) is a retired British economist and central banker. He was formerly the Deputy Governor of the Bank of England, with responsibility for financial stability, and served on the Bank's Monetary Policy Committee from June 2002 until October 2013[1] and its interim and then full Financial Policy Committee from June 2011.[2] In November 2012 he was turned down for the position of Governor in favour of Mark Carney and in June 2013, Tucker announced that he would leave the Bank of England.[3] He was knighted in the 2014 New Year Honours for services to central banking.[4]

Tucker was educated at Codsall High School, Wolverhampton, and graduated from Trinity College, Cambridge, where he studied maths and philosophy.[1][5] He joined the Bank of England very shortly afterwards, in 1980.[6] He was appointed Deputy Governor of the Bank of England with effect from March 2009.[1]

In July 2012, a memo released by the Wall Street Journal suggested that Tucker may have implicitly pressured Barclays to manipulate its Libor submissions by relaying a message from senior members of the UK government that "it did not always need to be the case that [Barclays] appeared as high as [Barclays] has recently."[7]

References[edit]

  1. ^ a b c Bank of England. "Profile of Paul Tucker". Retrieved 12 June 2011. 
  2. ^ "Financial Policy Committee: what it does and who is in charge". The Daily Telegraph. 29 May 2011. Archived from the original on 3 June 2011. Retrieved 12 June 2011. 
  3. ^ Heather Stewart (14 June 2013). "Deputy governor Paul Tucker quits Bank of England". The Guardian'. Archived from the original on 15 June 2013. 
  4. ^ The London Gazette: (Supplement) no. 60728. p. 2. 31 December 2013.
  5. ^ Birmingham Post. "Staffordshire man named as new deputy at Bank of England Dec 12 2008". Archived from the original on 15 June 2013. Retrieved 2 July 2012. 
  6. ^ Chris Giles; Brooke Masters; Patrick Jenkins (17 April 2012). "Favourites line up for beefier BoE". Financial Times. Archived from the original on 18 April 2012. Retrieved 18 April 2012. (subscription required (help)). 
  7. ^ Barclays file, obtained by Wall Street Journal, Supplementary information regarding Barclays settlement with the Authorities in respect of their investigations into the submission of various interbank offered rates