Spencer Dale was Executive Director for Financial Stability Strategy and Risk at the Bank of England, having taken up this position on 1 June 2014. The Bank announced the departure of Spencer on 4 August 2014. In addition to being a member of the Financial Policy Committee (FPC), Spencer’s key responsibilities included facilitating the effective operation of the FPC, assessment of risks to UK financial stability and overseeing staff analysis of both stress testing and the strategy for the use of macro-prudential tools.
Spencer had previously served for 6 years on the Monetary Policy Committee, in his capacity as the Bank’s Chief Economist. Previous roles since he joined the Bank in 1989 have included working as Private Secretary to former Governor King, and a secondment as a visiting Senior Adviser in the Division of Monetary Affairs at the Board of Governors of the Federal Reserve System.
He has published numerous research papers in academic journals and central bank publications on issues relating to monetary policy strategy, central bank communications, and financial markets.
Spencer’s outside interests include running, theatre, and tennis.