Bank of England
City of London, London
Introduction The Bank of England's Court of Directors is seeking to appoint a new independent member to the Financial Market Infrastructure Committee (FMIC). The Bank of England sits at the heart of the UK's economy and financial system. Its mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability. The FMIC was established as a statutory committee of the Bank under the Bank of England Act 1998 (as amended by the Financial Services and Markets Act 2023). The FMIC governs the work of the Bank of England on financial market infrastructure encompassing supervision and policy for payment systems (including stablecoin), central counterparties and central securities depositories. Its decisions play a crucial role in ensuring the resilience of the systems and markets on which both retail and wholesale users depend. This is a particularly interesting time given the extent of technological change and innovation...