Martin Taylor and Donald Kohn have been re-appointed as external members of the Bank of England’s Financial Policy Committee (FPC).
Professor David Miles has also been given a second term as external member of the bank’s Monetary Policy Committee (MPC).
Mr Taylor and Mr Kohn’s first terms on the FPC will both expire on 31 March 2015. Their second terms will begin on 1 April 2015, and expire on 31 March 2018.
Mr Miles was appointed to the MPC in June 2009. His second and final term was due to end on 31 May 2015, but has been extended by three months to 31 August 2015.
The chancellor George Osborne said they have made a “tremendous contribution” to the work of the FPC during their current terms.
“Their knowledge and expertise have proved invaluable to establishing the FPC as an effective and credible macroprudential policy-making body.
“I’m pleased that Martin and Don will continue on the FPC for a further term, and am confident that they will continue their good work in helping the FPC ensure emerging risks and vulnerabilities across the financial system as a whole are identified, monitored and effectively addressed.
Mr Taylor joined the FPC as an external member on 1 April 2013 when the committee was established.
He was formerly a member of the independent Commission on Banking chaired by Sir John Vickers and was also chief executive of Barclays from 1993 to 1998.
Mr Kohn also joined the FPC as an external member on 1 April 2013 and was a former vice chairman of the Federal Reserve.
emma.hughes@ft.com
