Central banker who thinks unelected
officials have too much power
"Unelected Power: Is the Technology Dangerously Unleased?"
Sir Paul Tucker
Research Fellow, Harvard Kennedy School,
former Deputy Governor, Bank of England
Sir Paul Tucker is the chair of the Systemic Risk Council, the independent body of former
top central bankers, government officials and financial experts dedicated to a stable
financial system, and a Research Fellow of the Mossavar-Rahmani Center for Business
and Government at the Harvard Kennedy School.
He is the author of Unelected Power: The Quest for Legitimacy in Central Banking and the Regulatory State which charts how the extraordinary power of unelected central bankers and regulators needs to be structured and checked in the interest of democratic legitimacy.
He spent more than three decades in central banking, occupying senior positions in the international policymaking world, and was knighted by Britain in 2014.
As Deputy Governor at the Bank of England from 2009 to October 2013, he was at the centre of efforts to contain the financial crisis and to reshape the international regulatory framework for financial stability.
He was a member of the steering committee of the G20 Financial Stability Board, chairing its Committee on the Resolution of Cross-Border Banks in order to overcome the ‘too big to fail’ problem. He was also a member of the board of directors of the Bank for International Settlements, the central bankers’ bank, and was chair of the Basel Committee for Payment and Settlement Systems.