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Cambridge Institute for Sustainability Leadership (CISL)

After an initial career in academic research, Paul worked at the Bank of England for 26 years as an economist, including serving as a member of the Monetary Policy Committee, the interim Financial Policy Committee and the PRA Board. From 2009-2014 he was Executive Director responsible for the Bank's programme of asset purchases for quantitative easing, and introducing the Funding for Lending Scheme – as well as routine management of the UK’s foreign currency reserves and the Bank of England’s balance sheet more broadly.



In 2014 Paul moved to the Prudential Regulation Authority (PRA) as its Deputy Head, largely responsible for management and coordination, whilst researching matters of financial stability, policy co-ordination and governance, competition policy, supervision and regulation – including covering for eight months as Executive Director for Insurance Supervision where he acquired his climate change interests.

Among a range of outside positions taken since he left the Bank in 2016, Paul currently chairs the London Bullion Market Association, is a NED at the UK Debt Management Office, provides consultancy services to central banks and spends about half his time on academic work, including climate change. In 2017/18 he was a member of the High Level Experts Group on Sustainable Finance at the European Commission and the UK Green Finance Task Force. He is also a visiting professor at the London Institute of Banking and Finance, and at Richmond, the American International University in London.

He is the editor of ’Making the Financial System Sustainable’, November 2020, published by Cambridge University Press.

Dr Paul  Fisher
Fellow of the Cambridge Institute for Sustainability Leadership