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Lessons from the credit crisis

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LSE public lecture

Date: Thursday 19 February 2009
Time: 5-6.15pm
Venue: Sheikh Zayed Theatre, New Academic Building
Speaker: Sir John Gieve
Chair: Howard Davies

The past 18 months have been a tumultuous time for the financial sector and the global economy more generally. In this speech, his last as Deputy Governor at the Bank of England, Sir John Gieve will discuss some of the key lessons for public policy and outline some potential improvements that could be made to the framework and tools available to policy makers.

Sir John Gieve was appointed Deputy Governor in January 2006. In addition to his membership of the Monetary Policy Committee, he has specific responsibility for the Bank's Financial Stability work and is a member of the Board of the FSA.

Before joining the Bank, he was the Permanent Secretary of the Home Office from 2001 to the end of 2005. One key challenge in that time was to build up defences against terrorism in response first to 9/11 and then the attacks in London in July 2005. The Home Office's other responsibilities included developing a cross departmental programme to reduce crime and anti social behaviour, government oversight of policing, coordinating the Criminal Justice System, combating the misuse of drugs, protecting the public and reducing reoffending through the prison and probation services, race equality, the voluntary and community sector, passports and the identity card scheme, and immigration and asylum.

Before the Home Office he spent twenty years at the Treasury, where he worked on banking and City regulation, energy, public services and the Budget and was Private Secretary to three Chancellors - Lawson, Major and Lamont Chief Secretary. Between 1984 and 1986 he was seconded to 3i as an investment controller in their London office.

John is married with two sons in their early twenties and has lived for 25 years in North London. He is a Governor of an Islington Primary School, trustee of a local sports charity and a keen Arsenal supporter.


A transcript of Sir John Gieve's lecture is now available to download.

Download: Seven lessons from the last three years (pdf)

Podcast & Video

A podcast and video of this event is available to download from the LSE Public Lectures and Events: podcasts and videos channel.