BoE shakes up management structure ahead of new role

The Bank of England in London

The Bank of England has created a new management position, in anticipation of the increased workload for the governor and deputy governors as they take on new prudential regulation responsibilities in the coming year.

The new chief operating officer will work alongside the deputy governors, assuming responsibility for the day-to-day management of the Bank of England's operations, including oversight of finance, human resources and IT functions. "This will allow the governor and deputy governors

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