[1] Since then, however, the role of Deputy Governor has been split and redefined three times (by the Bank of England Act 1998, the Financial Services Act 2012 and again in 2014), such that, as of May 2016, there are four Deputy Governors (Sir Jon Cunliffe, Ben Broadbent, Sam Woods and Sir David Ramsden).
[2] They have special responsibility for financial stability, monetary policy, prudential regulation and markets and banking respectively.
In 2013, the position of Chief Operating Officer (COO) was created and has the same status and remuneration as a Deputy Governor.
The Bank of England Act 1998, which came into force on 1 June 1998, created a second Deputy Governorship.
In June 2013, the position of chief operating officer (COO) of the Bank of England was created.