CURRICULUM VITAE P M W TUCKER (Paul) Date of Birth and Nationality: 24.3.58. British Education: Trinity College, Cambridge (Maths Parts I and II, and Philosophy Part II) Career: Sept 1980 – 1982 Joined the Bank of England. Banking Supervision Division. Supervision of small banks and problem banks. 1983-1984 Banking Supervision Division; Policy and Legal Section, including regulatory resolution of problem cases, and secretary of senior management ‘Review Committee’. 1985-1986 Secondment to Baring Brothers & Co., Ltd; Corporate Finance Department, including advice to HMG on privatisation of British Leyland; asset management restructuring; and consultancy on a continental bank’s capital markets strategy. Jan - Oct 1987 Banking Supervision Division; part of the 4 person team negotiating the Basle International Capital Convergence Agreement; and assistant to chair of Basle Supervisors Committee Nov 1987 – June 1988 Secondment to Hong Kong Government as Adviser to the Securities Review Committee on the reform of the Hong Kong securities markets and regulatory system, under the Chairmanship of Ian Hay Division July 1988 - April 1989 Temporary assignment in Money Markets Operations Division to review payment system risk and development of policy for reformed Real Time Gross Settlement wholesale payments system. April 1989 – Nov 1992 Principal Private Secretary to the Governor, Robin Leigh-Pemberton, including speech writer. (From 1990 onwards also head of “Bingham Inquiry Unit” overseeing Bank’s input to BCCI inquiry.) Nov 1992 – June 1994 Gilt-Edged and Money Markets Division; Senior Manager, Operations and Policy. Review of whether gilt repo and gilt strips markets should be established. July 1994 – Dec 1996 Head of Gilt-Edged and Money Markets Division. Led teams which analysed and implemented reforms of (i) the Bank’s money market operations; (ii) UK debt management, as agent for HMT; and (iii) the structure of the money and gilt markets (eg introduction of repo markets in UK). Attended Bank and HMT/Bank monetary policy meetings. Jan 1997 – Dec 1998 Head of Monetary Assessment & Strategy Division. Included drafting paper to incoming government on new monetary regime; helping to establish MPC arrangements, including the Act; leading research programmes on role of money, credit, and inflation expectations; monthly presentations to MPC on monetary conditions. May 1997 – May 2002 Secretariat to Monetary Policy Committee. Jan 1999 – May 2002 Deputy Director, Financial Stability. Included revamping Financial Stability Review. Membership of the Bank’s (then) Management Committee. June 2002 - Executive Director, Markets and Member of the Monetary Policy Committee. Also member of Governor’s Executive Team; Resolution Committee (ResCo), which handles problem cases; Governor’s alternate in Basel; member of BIS Committee on Global Financial System. Directorate responsibility covers Bank market operations and management of Bank b/sheet (chair of ALCO); management of UK fx reserves; market intelligence for financial stability and monetary policy.