Cost Benefit Analysis - London, United Kingdom - Bank of England

Bank of England
Bank of England
Verified Company
London, United Kingdom

4 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Cost Benefit Analysis (CBA) Panel Chair

-

(

008991

)

Primary Location UK-ENG-London


Job Policy


Organisation STRATEGY AND POLICY APPROACH DIVISION


Job Posting 22-May-2023, 7:28:42 AM

The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people.
The Bank of England is a diverse organisation.

Each of its 4,000 plus people are committed to public service and dedicated to promoting the good of the people of the United Kingdom by maintaining monetary and financial stability.


Under the Financial Services and Markets Bill (FSM Bill) currently being considered by Parliament, the PRA is required to establish and maintain a Cost Benefit Analysis Panel (CBA Panel) to provide advice in relation to cost benefit analyses (CBAs).

The Bank of England as regulator of Financial Market Infrastructures (FMIs) is required to consult this panel.

The CBA Panel will provide support on CBAs including advising on individual CBAs and providing recommendations for how the regulators can improve their overall methodology and approach to CBA.

The Prudential Regulation Authority (PRA) is the UK's prudential regulator for deposit-takers, insurance companies, and designated investment firms.

The PRA's primary objectives are to promote the safety and soundness of firms, and to contribute to securing an appropriate degree of protection for insurance policyholders.

As a result of the FSM Bill, and the government's proposals regarding the use of the powers in the FSM Bill, the PRA expects to have expanded policymaking and rulemaking responsibilities.


The Bank of England as regulator of FMIs is responsible for supervision, policy and risk analysis on the infrastructure that sits at the core of the financial system - payment systems, central counterparties, and central securities depositories.


The role
The Bank of England is seeking to engage a Chair of the CBA Panel.

The main role of the Panel will be reviewing CBAs published by the PRA and the Bank of England as regulator of FMIs and reporting their views on the content of those CBAs.

The Chair will be expected to shape and oversee the work of the CBA Panel, chairing regular meetings and representing the Panel internally and externally.


The individual
- banking, insurance, or financial market infrastructure
- competition economics.
- the economics of regulation.
- and/or regulatory policy.


Knowledge of relevant methodological frameworks would be helpful, as would previous experience working as a chair of an advisory or similar panel.


  • The role is expected to require a commitment of around 50 days per year. It can be performed on a flexible basis, including remote working.


The Bank values diversity and inclusion - we want to reflect the society we serve better, we want the best people to work for us and we want our workplace to be inclusive.

We value all forms of diversity, including but not limited to age, disability, ethnicity, gender, gender identity, race, religion and sexual orientation.

One way we support diversity and inclusion is through our staff-run networks, which are summarised here
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