Andrew Large

'Sir Andrew McLeod Brooks Large (born 7 August 1942) was Deputy Governor of the Bank of England, and a member of its Monetary Policy Committee from September 2002 to January 2006.

While still at Swiss Bank Corporation, he was approached to become the first Chair of The Securities Association [TSA] which was formed as a Self-Regulatory Organization [SRO] under the Financial Services Act of 1986.

In the early 1990s, he left SBC to develop his own advisory firm, Large Smith and Walter with several former respected competitors, whilst also joining the Boards of a number of companies including Nuclear Electric, Rank Hovis McDougall, Dowty, and English China Clays.

[4] He began working full time on public policy in 1992, when he was appointed chairman of the UK Securities and Investments Board (SIB), the precursor of today's Financial Conduct Authority (FCA).

During his time at SIB the regulator was faced by several major scandals, including the plundering of more than $1.6 billion from the pension fund of the Mirror Group by businessman Robert Maxwell, in a desperate and unsuccessful attempt to keep it afloat.

The sales of private defined contribution schemes had been enabled and encouraged by the Government, with the result that large numbers of people received pensions which were seriously diminished from what they had been led to expect.

Throughout his time in office Large stopped short of publicly proposing the end of the self-regulatory system put in place by the Financial Services Act.

He was appointed to the Board of Axis Capital, a property and casualty insurer and reinsurer located in Bermuda, where he served as Chair of the Risk Committee.

In 2010 he set up a consulting firm, Systemic Policy Partnership, which specialised exclusively in advisory work for Central Banks globally on financial stability issues, until its sale to Oliver Wyman in 2019.