Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

BOE Overhauls Communications Unit as It Prepares for New Powers

The Bank of England overhauled its communications operations in preparation for an increased workload as it is handed unprecedented powers over bank regulation and financial stability.

The revamp splits the unit into external and internal communication divisions, according to the website of the central bank in London. The latter, headed up by Chris Shadforth, will also be responsible for parliamentary affairs and inquiries from the public.

The changes come as the central bank prepares to absorb bank oversight from the Financial Services Authority, boosting its headcount to about 3,300. It began a search last month for a chief operating officer who will take over day-to-day management of the institution, freeing up the governor and deputy governors to focus on policy.

Mark Cornelius, who ran the bank’s previous communications and information unit, will be in charge of the new Media and Publications division. Shadforth’s Public and Internal Communications division will also have responsibility over education and the Bank of England Museum. Both will report to Executive Director for Communications Nils Blythe. The central bank declined to comment on the changes.

Other changes at the central bank saw personnel moves at the finance department. Jaspreet Kaur will be in charge of Financial Reporting and Control, while Tim Porter has become head of Projects and Risk Oversight.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.