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03 August 2006
Request:
Records relating to the appointment of Sir John Gieve as Deputy Governor of the Bank of England, and records relating to the candidates considered for the post of Deputy Governor of the Bank of England at the time
Disclosure:
The Bank of England announced on 17 October 2005 that Sir Andrew Large, Deputy
Governor for Financial Stability, was to leave the Bank of England. On the same day, the Treasury announced that Her Majesty The Queen was pleased to appoint, under the Bank of England Act 1998, Sir John Gieve to succeed Sir Andrew as Deputy Governor for Financial Stability. Information disclosed displays the process undertaken to appoint a successor to Sir Andrew Large: this includes the advice submitted to the Chancellor, Prime Minister’s Office and to the Palace. It also displays the process undertaken to obtain a Royal Warrant appointing Sir John Gieve as the new Deputy Governor.
Certain information has not been disclosed because it is already publicly available from the Treasury and Bank of England websites. Information relating to the candidates that were considered for the position of Deputy Governor has not been disclosed using sections 40(2) and 29(1) of the Freedom of Information Act 2000. Some information has also been withheld from disclosure under section 36(2)(b) of the Act.