Bank of England Supervision Chief Expected to Call It a Day
David Hellier and Diane Coyle, The Independent (London, England)
Brian Quinn, the most senior executive director at the Bank of England, is expected to step down when his four-year contract ends in February.
Mr Quinn, whose responsibilities include banking supervision, has survived three major bank failures; the collapse of Johnson Matthey Bankers in 1984, that of BCCI in 1991 and Barings earlier this year.
Sources suggest that the 58-year-old has decided it is time to leave the bank when his contract expires early next year, when he will be 59.
In spite of criticisms of the Bank for regulatory failures in the Board of Banking Supervision's report into the Barings affair, the Bank has so far suffered only one …
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Publication information: Article title: Bank of England Supervision Chief Expected to Call It a Day. Contributors: David Hellier and Diane Coyle - Author. Newspaper title: The Independent (London, England). Publication date: September 12, 1995. Page number: 16. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.
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