Jonathan Haynes (OC, 2001 – 2006, Cubitt) – Senior Manager at the Bank of England, returned to Cranleigh to speak to our economics students. A former student of Charlie Boddington and contemporary classmate of Helen Carson, he was welcomed back to at least a few familiar smiling faces in the front row. This time round he was teaching Mr Boddington and he was the well behaved, front-row student! We were hugely lucky to be able to hear some insights into Jonathan’s life and journey as an economist.
Having worked as an economist in the private sector and also in the public sector at HM Treasury during the global financial crisis, the European Commission during the euro-area crisis and Brexit, and more recently in the Bank of England he gave some insight into the different careers and paths that you can embark on with your knowledge as an Economist…this was fantastic food for thought for our U6th Economists.
Clearly a passionate Economist, he focused much of the talk on the work that the Bank of England does. The U6th Economists are studying financial markets at the moment so it seemed like a perfect opportunity to hear about Johnathan’s role regulating banks and insurers in the ‘Prudential Regulation Authority’.
He discussed the basics and what the role of the Bank of England does, putting us all through our paces with some questions and then moved onto the work that he carries out from day to day. He discussed the need to regulate financial institutions making links to both the Micro and Macro economy. He referred to the PRA’s key objectives: “Promoting safety and soundness of the firms they regulate”, “Contributing to securing an appropriate degree of protection for insurance policyholders” and “Setting standards or policies that set out what is expected of firms”. Where necessary, they will intervene to take action.
Jonathan was generous with his time and stayed behind after to speak to some of our most enthusiastic Economists who were keen to hear about his route from Cranleigh to where he is today. He offered some tips and advice which were hugely valuable to those who asked.
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