Statement - New Director of Financial Stability announced

Vasileios Madouros has today been announced as the Central Bank’s Director of Financial Stability.

Announcing the appointment, Deputy Governor Sharon Donnery said: “I am delighted to announce Vasileios as the Central Bank’s new Director of Financial Stability. He brings extensive experience in risk assessment, the development and implementation of macroprudential policy, and stress-testing. His technical knowledge in central banking will greatly contribute to the leadership of policy and analytical work on sources of systemic risk in the financial system, as well as the actions we take to mitigate risk including the orderly resolution of institutions.”

The Director of Financial Stability is responsible for the leadership of the Macro-Financial Division, Resolution Division, the Central Credit Register, Markets-Based Finance and International Relations. The Director is a member of the Senior Leadership Team of the Central Bank and leads a team of over 70 staff.

Vasileios is currently Head of the Macrofinancial Risks Division in the Bank of England.

He holds a B.Sc. in Economics from the University of Warwick and a M.Sc. in Economics from Birbeck College, University of London. He will take up the role from January 2019.