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About the Bank

History'Old Lady' cartoon depicting the Bank of England

The Bank of England was founded in 1694 to act as the Government's banker and debt-manager. Since then its role has developed and evolved, centred on the management of the nation's currency and its position at the centre of the UK's financial system.

The history of the Bank is naturally one of interest, but also of continuing relevance to the Bank today. Events and circumstances over the past three hundred or so years have shaped and influenced the role and responsibilities of the Bank. They have moulded the culture and traditions, as well as the expertise, of the Bank which are relevant to its reputation and effectiveness as a central bank in the early years of the 21st century. At the same time, much of the history of the Bank runs parallel to the economic and financial history, and often the political history, of the United Kingdom more generally.

If you want to get closer to the Bank's history and are visiting London, the Bank's Museum provides a unique insight into the history of the Bank and its business, alongside a great deal of material about the Bank today.

Key Resources

Governors of the Bank of England
A chronological list (1694 - Present)
Download PDF (74k)
Related Links
External Links
  • Financial Services Authority
    An independent body that regulates the financial services industry in the UK.
  • HM Treasury
    The United Kingdom's economics and finance ministry.
  • Royal Mint
    Responsible for the provision of the United Kingdom coinage.
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