The Governor has overall executive responsibility for the management of the Bank in support of the Core Purposes. He defines the strategy for the Bank which, with the approval of Court, sets the direction for the organisation. This strategy is implemented via a detailed business plan and budget which are reviewed and agreed annually with Court. The Governor chairs the meetings of the Bank’s Governors, which provide Executive oversight of the Bank’s budget and authorises projects on the recommendation of the Bank’s Projects Group, and of the Executive Team, which monitors delivery against the business plan and addresses key business issues. He provides leadership on both of the Bank’s Core Purposes, chairing the Monetary Policy Committee and representing the Bank at the Tripartite Standing Committee. He chairs the Resolution Committee, which agrees the Bank’s approach to threats to financial stability, including the exercise of the Bank’s powers under the Special Resolution Regime, and is a member of the Financial Stability Board (see page 12). The Governor holds a press conference four times a year to launch the Bank’s Inflation Report. Hide

The Deputy Governor, Monetary Policy is a member and Deputy Chairman of the Monetary Policy Committee and is a member of the Financial Stability Board and Resolution Committee. He provides oversight of the Markets and Monetary Analysis and Statistics Directorates. He participates in the Inflation Report press conference. Hide

The Deputy Governor, Financial Stability chairs the Bank’s Financial Stability Board and is a member of the Monetary Policy Committee and the Resolution Committee. He sits as a member of the Board of the Financial Services Authority and is the Bank’s representative in the Tripartite Standing Committee Deputies. Within the Bank he oversees the Financial Stability and Banking Services Directorates, and also has specific responsibility for the oversight of the Bank’s business continuity preparations. Hide