Andrew Large is vice-chairman for Bermuda’s Financial Policy Council, a partner at the Systemic Policy Partnership (SPP) and chairman emeritus of Oliver Wyman-SPP. He was previously deputy governor for financial stability at the Bank of England, and a member of its Monetary Policy Committee. He has also chaired the UK Securities and Investments Board, Board of Banking Supervision, the Takeover Panel and the London Stock Exchange.
Large has held a number of prominent positions within the financial services and banking industry, including at Barclays, Euroclear and Swiss Bank Corporation, and is a former chairman of the International Monetary Fund’s Capital Markets Consultative Group.
Swollen balance sheets carry significant risks for combating inflation, ensuring financial stability and preserving central bank credibility, independence and effectiveness. How can central banks reduce them?