Sir John Gieve, former deputy governor of Bank of England, was recently announced as the new Harvard Kennedy School (HKS) research fellow at the Belfer Center for Science and International Affairs.
Gieve served as deputy governor of Bank of England from 2006 until February 2009. In that position, he was responsible for measures to stabilize the financial sector, involving close engagement with leading banks and their regulators at home and abroad. In addition, he was a member of the Monetary Policy Committee, which sets interest rates, and he was a member of the Financial Stability Forum, which is leading the international response to the credit crisis. During the past year, he headed efforts to change the bank’s role in order to tackle the international financial crisis.
For the past 10 years, Gieve has played a leading role in reforming major institutions and helping them respond effectively to unexpected stress. He served as permanent secretary for the Home Office from 2001 to 2005, with responsibilities that included countering terrorism, reforming the criminal justice system, and reducing racial and religious tensions. Earlier in his career, in the treasury, he was responsible for planning and control of public spending, and he headed the treasury’s banking group responsible for negotiating and implementing European Union single-market legislation.
At the center, Gieve will share his expertise and insights and explore ideas for international financial system reforms with other economics experts and with faculty, fellows, and students concerned about the impact of the financial crisis on public policy issues. He will also explore with colleagues the differences between counter-terrorism responses in the United States and the United Kingdom.