BoE resolution executive director joins Deloitte
3 December 2018
Deloitte has appointed Andrew Gracie as a Special Adviser to help support clients on their resolution preparedness, including recovery and resilience planning. Andrew joins from the Bank of England (BoE) where he chaired the Financial Stability Board’s working group on resolution. During a career which has overseen vast regulatory change, he has been at the forefront of introducing new domestic and international resolvability standards.
Julian Leake, partner and head of Deloitte’s financial services risk advisory practice, said: “Ten years on from the financial crisis, recovery and resolution of banks remain high on the priority of clients and regulators. With over 30 years’ experience in financial stability and banking supervision, Andrew is recognised for spearheading strategic change and improvement in banking. He brings a wealth of expertise to our existing resolution practice, and this experience will enhance the work we are already conducting with clients as they meet both regulatory and public interests”.
Andrew Gracie commented: “Resolution planning is a hugely important matter on the global financial services agenda, and the industry is taking planning very seriously. As they work towards the BoE’s goal to make all banks resolvable by 2022, there is opportunity now to demonstrate plans transitioning into action.”
Leake continued: “There remains more to do on resolvability internationally and to meet the BoE's objective to ensure systemic UK banks will be resolvable by 2022. Deloitte are delighted that Andrew will be working with us to enable our clients to benefit from his expertise and experience and support them through their resolution planning.”
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