Pluves Named to Financial Market Infrastructure Board
Posted by Colin Lambert. Last updated: September 14, 2021
Former CEO of the FICC Markets Standards Board and CEO of LCH Martin Pluves, has been appointed as an external member of the UK’s Financial Market Infrastructure (FMI) board.
The FMI board is a decision-making executive committee of the Bank of England, reporting to the Governor, Andrew Bailey, and exercises the Bank’s powers in relation to the three main types of FMI overseen by the Bank – recognised payment systems, central securities depositories and central counterparties.
The board’s remit includes the promotion of the safety and soundness of FMIs and the taking of specific regulatory, policy and risk decisions. The BoE says it plays a vital role in oversight of the Bank’s financial market infrastructure policy and supervision and helps ensure the Bank meets its financial stability objective.
The board is chaired by the deputy governor for financial stability, Sir Jon Cunliffe. In addition to senior executives from across the Bank, including the executive director for FMI, the board includes three external members appointed by the Governor. Pluves joins existing external members Julia Black and Elisabeth Stheeman.
“Martin will prove to be an excellent addition to the FMI board and will bring a huge amount of expertise on the financial market infrastructure sector, technology and management,” says Cunliffe.