Jon Cunliffe

{{Other people5|John Cunliffe (disambiguation){{!}}John Cunliffe}}

{{Infobox officeholder

| honorific-prefix =

| name = Sir Jon Cunliffe

| honorific-suffix = CB

| image =

| caption =

| office1 = Deputy Governor of the Bank of England for Financial Stability

| governor1 = Andrew Bailey

| term_start1 = November 2013

| term_end1 = October 2023

| predecessor1 = Paul Tucker

| successor1 = Sarah Breeden

| office2 = British Permanent Representative to the EU

| term_start2 = January 2012

| term_end2 = November 2013

| predecessor2 = Sir Kim Darroch

| successor2 = Sir Ivan Rogers

| birth_date = {{birth date and age|df=yes|1953|6|1}}

| birth_place =

| death_date =

| death_place =

| occupation = Diplomat, banker

| website =

| alma_mater = Manchester University

| party =

}}

Sir Jonathan Stephen Cunliffe, CB (born 2 June 1953) is a senior British civil servant, who served 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.{{cite web |url=https://www.gov.uk/government/people/jon-cunliffe |title=Sir Jon Cunliffe: Biography |author= |publisher=Government of the United Kingdom |access-date=18 March 2014}}

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.{{cite web

| author = OECD Council 2007 Ministerial meeting

| title = Jon Cunliffe biography

| url = http://www.oecd.org/speaker/0,2879,en_21571361_38379933_38548002_1_1_1_1,00.html

| access-date = 14 March 2010

}}

In 2007 following Gordon Brown's appointment as Prime Minister, Cunliffe was appointed Head of the European and Global Issues Secretariat. This role included being the Prime Minister's Advisor on International Economic Affairs and on the EU in the Prime Minister's Office.{{cite book | title = Who's Who 2010: CUNLIFFE, Jonathan Stephen | publisher = A & C Black, Oxford University Press | year = 2010 | isbn = 978-0-19-957215-1 | url = http://www.ukwhoswho.com/view/article/oupww/whoswho/U12552 | access-date = 14 March 2010}}{{cite web | author = The Daily Telegraph | title = Brown brings civil servants back to the heart | url = https://www.telegraph.co.uk/news/uknews/1553837/Brown-brings-civil-servants-back-to-the-heart.html | date = 7 June 2007 | access-date = 14 March 2010}} In September 2007 The UK Government launched the “Economic aspects of peace in the Middle East” report, co-authored by Cunliff and Ed Balls.{{Cite web |date=17 September 2007 |title=UK Government launches "Economic aspects of peace in the Middle East" report |url=https://www.un.org/unispal/document/auto-insert-199805/ |website=www.un.org}}

On 24 June 2011, Number 10 announced that Cunliffe would replace Kim Darroch as British Permanent Representative to the EU in January 2012.{{cite web|url=http://www.number10.gov.uk/news/latest-news/2011/06/senior-diplomatic-appointments-65056|title=Senior Diplomatic Appointments|date=24 June 2011|work=Number 10|access-date=25 June 2011}} He was replaced in the role by Ivan Rogers.

Cunliffe currently serves as Deputy Governor of the Bank of England for Financial Stability. He took up the role in November 2013 and is an ex officio member of the Bank's Financial and Monetary Policy Committees and its Court of Directors.{{cite web|url=https://www.bbc.co.uk/news/business-23467798|title=New Bank of England deputy governor|date=26 July 2013|publisher=BBC News|access-date=3 January 2014}} He replaced Paul Tucker when the latter was passed over for promotion to Governor in favour of Mark Carney, and chose instead when the announcement was made in June 2013 to lecture at Harvard.

In September 2020, Cunliffe was appointed to the UK Holocaust Memorial Foundation by the then Communities Secretary Robert Jenrick.{{Cite web|url=https://www.gov.uk/government/news/communities-secretary-announces-new-members-of-the-uk-holocaust-memorial-foundation|title = Communities Secretary announces new members of the UK Holocaust Memorial Foundation}}

Cunliffe oversaw "Project Bookend", the Bank of England's project to examine the possible economic effects of the UK leaving the EU following the upcoming 2016 United Kingdom European Union membership referendum.{{cite news|title=Email mistake reveals Bank of England's EU exit project|date=23 May 2015|url=https://www.bbc.co.uk/news/uk-32856698|publisher=BBC News|access-date=23 May 2015}} This was alleged to have been inadvertently revealed after a senior official emailed details about the project to an editor at The Guardian newspaper.

=Views=

Cunliffe suggested in a March 2014 speech at Chatham House that the domestic banks were too big to fail (TBTF), and instead of the nationalisation process used in the case of HBOS, RBS and threatened for Barclays (all in late 2008), could henceforth be bailed-in.[https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10702476/BoE-has-no-confidence-a-failing-big-bank-could-be-saved.html telegraph.co.uk: "BoE has 'no confidence' a failing big bank could be saved" (Wilson) 17 Mar 2014]

Personal life

Cunliffe, who is Anglo-Jewish,{{cite web|url=https://www.pressreader.com/uk/the-jewish-chronicle/20130913/282273843046858|access-date=2023-08-18|title=ON BUSINESS ALEX BRUMMER Carney leads the way on banking changes}} married his wife at the New London Synagogue in St John’s Wood, north-west London.{{cite web| url = https://www.thejc.com/news/uk/bank-of-england-deputy-ready-for-challenge-1.47312| url-status = dead| archive-url = https://web.archive.org/web/20211214100933/https://www.thejc.com/news/uk/bank-of-england-deputy-ready-for-challenge-1.47312| archive-date = 2021-12-14| title = Bank of England deputy ready for challenge - The Jewish Chronicle}} He has two daughters, one of whom, Rachel, works as an online editor at the New Statesman.{{Cite Twitter profile|RMCunliffe}}

He was appointed a Companion of the Order of the Bath ("CB") in the New Year Honours 2001,{{London Gazette | issue = 56070 | date = 30 December 2000 |page=3 | supp = 1 }} and made a Knight Bachelor in the New Year Honours 2010.{{London Gazette | issue = 59282 | date = 31 December 2009 |page=1 | supp = 1 }}

References

External links

[https://web.archive.org/web/20081204125507/http://www.cabinetoffice.gov.uk/secretariats/european_secretariat.aspx European and Global Issues Secretariat homepage]

{{succession box |

before=unknown |

title=Managing Director, Macroeconomic Policy and International Finance
HM Treasury |

years=?-2001 |

after=unknown

}}

{{succession box |

before=John Gieve |

title=Managing Director, Financial Regulation and Industry
HM Treasury |

years=2001–2002 |

after=James Sassoon

}}