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Jon Cunliffe
Sir Jonathan Stephen Cunliffe, CB (born 2 June 1953) is a senior British civil servant, currently serving as Deputy Governor of the Bank of England for Financial Stability. Biography Cunliffe studied at Manchester University. He lectured at the University of Western Ontario, before joining the UK Department of the Environment and Transport in 1980. He was appointed Deputy Director for International Finance at HM Treasury in 1998, then promoted to Director of International Finance, and then managing director of Macroeconomic Policy and International Finance. In 2001 he became managing director of Finance, Regulation and Industry for a year, before reverting to managing director of Macroeconomic Policy and International Finance. In 2005 Cunliffe's position was promoted to that of Second Permanent Secretary, remaining managing director of Macroeconomic Policy and International Finance, later focussed to managing director of International and Finance. In 2007 following Gordon B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companion Of The Order Of The Bath
Companion may refer to: Relationships Currently * Any of several interpersonal relationships such as friend or acquaintance * A domestic partner, akin to a spouse * Sober companion, an addiction treatment coach * Companion (caregiving), a caregiver, such as a nurse assistant, paid to give a patient one-on-one attention Historically * A concubine, a long-term sexual partner not accorded the status of marriage * Lady's companion, a historic term for a genteel woman who was paid to live with a woman of rank or wealth * Companion cavalry, the elite cavalry of Alexander the Great * Foot Companion, the primary type of soldier in the army of Alexander the Great * Companions of William the Conqueror, those who took part in the Norman conquest of England * Muhammad's companions, the Sahaba, the friends who surrounded the prophet of Islam Film and television * Companion (Doctor Who), Companion (''Doctor Who''), a character who travels with the Doctor in the TV series ''Doctor Who'' * Compan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Policy Committee (United Kingdom)
The Monetary Policy Committee (MPC) is a committee of the Bank of England, which meets for three and a half days, eight times a year, to decide the official interest rate in the United Kingdom (the Bank of England Base Rate). It is also responsible for directing other aspects of the government's monetary policy framework, such as quantitative easing and forward guidance. The Committee comprises nine members, including the Governor of the Bank of England, and is responsible primarily for keeping the Consumer Price Index (CPI) measure of inflation close to a target set by the government, currently 2% per year (as of 2019). Its secondary aim – to support growth and employment – was reinforced in March 2013. Announced on 6 May 1997, only five days after that year's General Election, and officially given operational responsibility for setting interest rates in the Bank of England Act 1998, the committee was designed to be independent of political interference and thus to add cre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Year Honours 2001
The 2001 New Year Honours List is one of the annual New Year Honours, a part of the British honours system, where New Year's Day, 1 January, is marked in several Commonwealth countries by appointing new members of orders of chivalry and recipients of other official honours. Awards for 2001, announced on 30 December 2000, included the United Kingdom, New Zealand, the Cook Islands, Barbados, Grenada, Papua New Guinea, Saint Vincent and the Grenadines, Belize and Saint Christopher and Nevis. United Kingdom Member Of The British Empire Robert Liddle Kilgour for his service to the Scandinavian Pipe Band scene Privy Counsellor * Tessa Ann Vosper, Baroness Blackstone, Minister of State, Department for Education and Employment. * Keith John Charles Bradley, M.P., Member of Parliament for Manchester, Withington. Treasurer of H.M. Household (Deputy Chief Whip). * Wyvill Richard Nicolls Raynsford, M.P., Member of Parliament for Greenwich and Woolwich. Minister of State, Department of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Order Of The Bath
The Most Honourable Order of the Bath is a British order of chivalry founded by George I of Great Britain, George I on 18 May 1725. The name derives from the elaborate medieval ceremony for appointing a knight, which involved Bathing#Medieval and early-modern Europe, bathing (as a symbol of purification) as one of its elements. The knights so created were known as "Knights of the Bath". George I "erected the Knights of the Bath into a regular Order (honour), Military Order". He did not (as is commonly believed) revive the Order of the Bath, since it had never previously existed as an Order, in the sense of a body of knights who were governed by a set of Statute, statutes and whose numbers were replenished when vacancies occurred. The Order consists of the Sovereign (currently Charles III, King Charles III), the :Great Masters of the Order of the Bath, Great Master (currently vacant) and three Classes of members: *Knight Grand Cross (:Knights Grand Cross of the Order of the Bath ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bail-in
A bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy. A bailout differs from the term ''bail-in'' (coined in 2010) under which the bondholders or depositors of global systemically important financial institutions (G-SIFIs) are forced to participate in the recapitalization process, but taxpayers are not. Some governments also have the power to participate in the insolvency process: for instance, the U.S. government intervened in the General Motors bailout of 2009–2013. A bailout can, but does not necessarily, avoid an insolvency process. The term ''bailout'' is maritime in origin and describes the act of removing water from a sinking vessel using a bucket. Overview A bailout could be done for profit motives, such as when a new investor resurrects a floundering company by buying its shares at firesale prices, or for social objectives, such as when, hypothetically speaking, a wealthy philanthropist reinve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barclays
Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces its origins to the goldsmith banking business established in the City of London in 1690. James Barclay became a partner in the business in 1736. In 1896, twelve banks in London and the English provinces, including Goslings Bank, Backhouse's Bank and Gurney, Peckover and Company, united as a joint-stock bank under the name Barclays and Co. Over the following decades, Barclays expanded to become a nationwide bank. In 1967, Barclays deployed the world's first cash dispenser. Barclays has made numerous corporate acquisitions, including of London, Provincial and South Western Bank in 1918, British Linen Bank in 1919, Mercantile Credit in 1975, the Woolwich in 2000 and the North American operations of Lehman Brothers in 2008. Barclays has a pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Royal Bank Of Scotland
The Royal Bank of Scotland plc (RBS; gd, Banca Rìoghail na h-Alba) is a major retail banking, retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster Bank. The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are branches in many larger towns and cities throughout England and Wales. The bank is completely separate from the fellow Edinburgh-based bank, the Bank of Scotland, which pre-dates the Royal Bank by 32 years. The Royal Bank of Scotland was established in 1724 to provide a bank with strong House of Hanover, Hanoverian and Whig (British political faction), Whig ties. Following ring-fencing of the Group's core domestic business, the bank became a direct subsidiary of NatWest Holdings in 2019. NatWest Markets comprises the Group's investment banking arm. To give it legal form, the former RBS entity was renamed NatWest Markets in 2018; at th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HBOS
HBOS plc was a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland plc, which operated the Bank of Scotland and Halifax brands in the UK, as well as HBOS Australia and HBOS Insurance & Investment Group Limited, the group's insurance division. HBOS was formed by the 2001 merger of Halifax plc and the Bank of Scotland. The formation of HBOS was heralded as creating a fifth force in British banking as it created a company of comparable size and stature to the established '' Big Four'' UK retail banks. It was also the UK's largest mortgage lender. The HBOS Group Reorganisation Act 2006 saw the transfer of Halifax plc to the Bank of Scotland, which had by then become a registered public limited company, Bank of Scotland plc. Although officially HBOS was not an acronym of any specific words, it is widely presumed to stand for Halifax B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalisation
Nationalization (nationalisation in British English) is the process of transforming privately-owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization usually refers to private assets or to assets owned by lower levels of government (such as municipalities) being transferred to the state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization. Industries often subject to nationalization include the commanding heights of the economy – telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water – though, in many jurisdictions, many such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Too Big To Fail
"Too big to fail" (TBTF) and "too big to jail" is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and that they therefore must be supported by governments when they face potential failure. The colloquial term "too big to fail" was popularized by U.S. Congressman Stewart McKinney in a 1984 Congressional hearing, discussing the Federal Deposit Insurance Corporation's intervention with Continental Illinois. The term had previously been used occasionally in the press, and similar thinking had motivated earlier bank bailouts. The term emerged as prominent in public discourse following the global financial crisis of 2007–2008. Critics see the policy as counterproductive and that large banks or other institutions should be left to fail if their risk management is not effective. Some critics, such as economist Alan G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chatham House
Chatham House, also known as the Royal Institute of International Affairs, is an independent policy institute headquartered in London. Its stated mission is to provide commentary on world events and offer solutions to global challenges. It is the originator of the Chatham House Rule. Overview Canadian philanthropists Colonel Reuben Wells Leonard and Kate Rowlands Leonard purchased the property in 1923, donating the building as a headquarters for the fledgling organisation that then became known as Chatham House. The building is a Grade I listed 18th-century house in St James's Square, designed in part by Henry Flitcroft and occupied by three British Prime Ministers, including William Pitt, 1st Earl of Chatham. Chatham House accepts individual members as well as members from corporations, academic institutions and NGOs. Chatham House Rule Chatham House is the origin of the non-attribution rule known as the Chatham House Rule, which provides that attendees of meetings may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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