About David Aikman (Edit profile)

David Aikman joined King’s Business School in April 2020 as Professor of Finance and Director of the Qatar Centre for Global Banking and Finance. He spent 17 years working as an economist at the Bank of England – most recently in the Technical Head of Division role in the Financial Stability Strategy and Risk Directorate. He led the Bank’s work on various macroprudential issues.

Financial stability policy: What issues should Sarah Breeden prioritise?

Sarah Breeden, who is currently the Bank’s Executive Director for Financial Stability Strategy and Risk [FSSR], has been appointed as Sir John Cunliffe’s successor as the Deputy Governor with responsibility for Financial [...]

Financial stability policy: What issues should Sarah Breeden prioritise?2023-10-25T09:55:31+01:00

Three sets of questions for the FPC ahead of its July FSR

In this short blog, we highlight three sets of questions for policymakers on the Bank’s Financial Policy Committee ahead of their July FSR. Our questions are focused in three separate areas: • [...]

Three sets of questions for the FPC ahead of its July FSR2023-07-11T12:14:39+01:00

Does the Liquidity Coverage Ratio need a rethink in the light of recent bank failures?

On 10 March, the US authorities closed Silicon Valley Bank (SVB) following massive deposit outflows from the bank the preceding day. The days and weeks that followed saw further bank failures, of [...]

Does the Liquidity Coverage Ratio need a rethink in the light of recent bank failures?, 2023-06-02T15:49:47+01:00

Unification versus delegation: is one policy committee better than two?

It has been argued that the institutional set-up for monetary and macroprudential policy in the UK is in need of reform (see Turner (2022) and Allen (2022)). Rather than having two policy [...]

Unification versus delegation: is one policy committee better than two?, 2023-03-23T14:21:04+00:00

Reactions to the Bank of England’s gilt market operation

The Bank of England’s “temporary and targeted financial stability operation” proved highly effective at stabilising the gilt market. The Bank managed to break the feedback loop that had emerged, whereby margin calls [...]

Reactions to the Bank of England’s gilt market operation, 2022-10-11T17:02:46+01:00

Improving the accountability of the Financial Policy Committee

This article publishes the annex to a letter sent to the Treasury Select Committee from David Aikman on the topic of FPC accountability and specifically how to quantify its financial stability objective. [...]

Improving the accountability of the Financial Policy Committee2022-03-14T17:03:38+00:00

Reactions to the Bank of England’s December 2021 Financial Stability Report

Forensic scrutiny of the decisions taken by policymakers and the analysis that underpins them is an essential component of a healthy public policy regime, particularly one where power has been delegated from [...]

Reactions to the Bank of England’s December 2021 Financial Stability Report, 2022-03-07T13:02:46+00:00

How has the Financial Policy Committee’s objective changed since its inception?

In this article, we take stock of the cumulative effect of the various changes that have been made over time to the Financial Policy Committee (FPC)’s mandate via the Chancellor of the [...]

How has the Financial Policy Committee’s objective changed since its inception?2021-12-09T16:52:48+00:00
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