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The executive

From a National to a Central bank | Key terms | IV. Case Study. | VI. Join the halves. | VII. Summarize the following passage in about 100 words and an appropriate | VIII. Write a memorandum. | X. Make comments on the following charts, paying attention to the information given below | A Stable Financial System | The Note Issue | The Value of Money |


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  4. THE FUNCTlONS OFAN EXECUTIVE

 

Governor's Committee   Eddie George (Governor) Howard Davies (Deputy Governor) MervynKing (ExecutiveDirector, Monetary Stability) Ian Plenderleith (Executive Director, Monetary Stability) Michael Foot (ExecutiveDirector, Financial Stability) Alastair Clark (Executive Director, Financial Stability)   Advisers to the Governors Len Berkowitz (Head, Legal Unit) Sir Peter Petrie (Europeanand Parliamentary Affairs) Ian Watt (Head, Special Investigations Unit)   Management Committee Howard Davies (Deputy Governor) Bill Alien (Deputy Director, Monetary Analysis) John Footman (Deputy Director, Financial Structure) Graham Kentfield (Deputy Director, Banking and Market Services) Gordon Midgley (Deputy Director, Finance and Resources) Oliver Page (Deputy Director, Supervision and Surveillance) John Townend (Deputy Director, Market Operations) Merlyn Lowfher (Personnel Director)     Under Court, the Bank's senior policymaking body is the Governor's Committee, comprising the Governors and Executive Directors. Members of the Governor's Committee also meet, with officials, as Policy Committee to deal with strategic issues. The Monetary Policy Committee, which includes Heads of Division in the Monetary Stability Wing, meets each month to discuss the Bank's advice to the Chancellor on interest rates. Detailed implementation of policy, and internal administration of the Bank, is the responsibility of Management Committee, which is chaired by the Deputy Governor and comprises the Deputy Directors and the Personnel Director. The Bank's broad organizational structure is shown in the chart on page 20. The names of the key heads of function are given in the Operational Reviews. The distribution of the Bank's resources is also shown in the Operational Reviews and is discussed in more detail in the Finance and Resources section of this Report on pages 50 to 52.  

 


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THE COURT OF DIRECTORS| IX. Meanings.

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