Gerard Lyons
Use attributes for filter ! | |
Gender | Male |
---|---|
Age | 62 |
Date of birth | March 31,1961 |
Zodiac sign | Aries |
Born | Marylebone |
London | |
United Kingdom | |
Children | Elf Lyons |
Fields | Political Economy |
International Economics | |
Financial economics | |
Job | Economist |
Education | University of Liverpool |
University of Warwick | |
Queen Mary University of London | |
Books | Clean Brexit: How to Make a Success of Leaving the European Union |
The Consolations of Economics: How We Will All Benefit from the New World Order | |
Clean Brexit: Why Leaving the EU Still Makes Sense - Building a Post-Brexit Economy for All | |
The Consolations of Economics: Good News in the Wake of the Financial Crisis | |
School or tradit | New Keynesian economics |
Date of Reg. | |
Date of Upd. | |
ID | 403785 |
Gerard Lyons Life story
Gerard Patrick Lyons is a British economist.
Eleven gambles that went wrong for Liz Truss
... One - Gerard Lyons - says that he warned her not to go further or faster than was expected by the financial markets and that he wrote a memo to the chancellor in the week of his mini-budget to repeat his warning...
Did the mini-budget cause market turmoil?
... " Gerard Lyons, an economist who advised Liz Truss and Kwasi Kwarteng during the leadership contest, speaking on the BBC s World at One programme admitted that the mini-budget " misread" the country s financial situation...
To end, call for the Bank of England, the Executive of a breach of security to
... to Comment on who might replace in the line, Mr Carney, Mr Blanchflower said that his old graduate school room mate Gerard Lyons, who was Prime Minister Boris Johnson is former chief economist, if he is the mayor of London, may rise to the top of the pack ...
Bank of England: Who will be the next governor?
... Brexiteer Gerard Lyons, a former economic adviser to Boris Johnson during his time as Mayor of London, has been interviewed for the governor job...
Business lobby group CBI warns Tories over no-deal Brexit
... Gerard Lyons, co-founder of Economists for Brexit, told Today: I don t think any of the leadership candidates are advocating no deal as their plan A...
To end, call for the Bank of England, the Executive of a breach of security to
Bank of England chief operating officer, Joanna is responsible for Information Security
A Former Member of The Bank of England has called for the resignation of chief operating officer, after it was been an audio-Feed of confidential information leaked to traders.
The Bank acknowledged one of its suppliers had "misused" to give fodder, hedge funds early Access to information.
Danny Blanchflower , who previously was the rate-setting Monetary Policy Committee, said Joanna, should step down after the injury.
The Bank of England refused to comment.
Many of The Bank 's press conferences broadcast Live via video, but there is also a back-up audio Feed in the event of problems. The audio is available Between five and Eight Seconds ahead of the video.
It means that high speed financial traders had Access to The Words of Governor Mark Carney and his officials, their comments were more likely to be broadcast widely.
Ms-place, reported directly to Mr. Carney, and has the responsibility for Information Security in July 2017.
Mr Blanchflower, said: "the question I ask is, in fact, The Chief operating officer at The Bank of England, that the Access was sold? If so, it should come back. And if you didn't know that you should resign, as well.
"I don't know how your position will be maintained, because it could have created the damage a lot. People have a lot of could money. "
The Bank of England said it had Access to the audio supplier, disabled.
Bank Governor Mark Carney will make it through to the end of Januarythe kidnapping of The audio Feed , First , reported, gave an advantage for high-speed traders, like currency speculators, which moves millions of pounds on a tiny market.
" comments from The Bank -officials to the sensitive topics such as interest rate decisions Can impact on the value of the pound sterling and other market-assets values within a fraction of a second.
The Times said, it is understood that the eavesdropping was happening at The Press conferences at least since the beginning of this year.
Mr Blanchflower, said of the "amazing" revelation "a stain" on Mr. Carney as he prepares to step down as Governor on December 31. January.
to Comment on who might replace in the line, Mr Carney, Mr Blanchflower said that his "old graduate school room mate" Gerard Lyons , who was Prime Minister Boris Johnson is former chief economist, if he is the mayor of London, may "rise to The Top of the pack".
investigation ofThe Bank of England said the leak "was completely unacceptable, to take advantage of the use of the audio-Feed " and the way hedge funds have been authorised, that it was "without The Bank , and will be investigated further knowledge or consent".
The Matter was referred to the regulatory authority, the Financial Conduct Authority, which told the BBC it was "a look at the Problem".
will Be able to listen to The Press conference at the beginning would give an unfair advantage. Interest Rates , economic management, and the credit rating of the banks and the markets are often discussed in The Press conferences.
The Bank prices out eight times a year and holds a press conference on four of these occasions. A report on financial stability twice, including a press conference.
All of this show on video the other news media provided by Bloomberg.
The Company , which does not identify the audio Feed , which was separated from the video Feed .
A spokesman for Bloomberg, confirmed to the BBC that The Company is not the audio. "Bloomberg provides a separate and independent video Feed for the BoE press conferences. This is completely separate to the backup audio Feed . "
Why do those few seconds matter?it Can sound like The pronouncements of the Central Bank heads, such as the boring technical jargon. But every word, every nuance, carefully studied the financial markets for the slightest hint about the intentions of the inventors and Can . to large movements in the value of the pound and government bonds
So the wind from all possible future changes to get, even for a few seconds before the rest of the market, could be extremely valuable.
computer trading programs Can be thousands of transactions per second, so the four-to eight-second advantage enjoyed by the traders with Access to the back-up audio Feed is a large amount of time in relation to Market Movements .
The Bank of England is generally very careful in the management of the dissemination of sensitive information and The Bank is important to emphasize that The Information , the violation shall not apply to the release of decisions on interest Rates - only The Press conferences afterwards. But these press conferences Can - and do - to move the markets, so this is still an embarrassing confession.
The Times said it has seen documents had revealed how the service was sold to distributors. The delivery will cost Between £2,500 and £5,000 every press conference for every client in addition to a subscription fee.
Automated optionsIt is unclear whether the leaked was leaked audio Feed of traditional traders on your Desk to steal a March On competitors, or whether algorithm-driven software that Can perform thousands of transactions per second that could be exploited, the few seconds of advantage.
Hypothetically, a computer could program be designed to pick out the important words from The Bank Governor, comments, and trading on it. But the Central bankers are notoriously euphemistic.
"[Early Access ] language key, is a traditional trader or hedge funds," says Malcolm Baker , co-Founder at FX FWD, a company trading.
"Central bankers Can speak in the language that is difficult to Understand , and there is a lot that is implicit. It Can be like in the old Elizabethan language and misleading. A trader, Like Me , just want to Understand - is it radical? Or peaceful?"
The Bank has posted a name of the audio provider, but the market intelligence company Statisma, a rejection, which it offers to its customer information available to The Public .
Statisma, which is under the same management as a production company by the name of Coded media, advertise on Twitter, a service where traders Can listen to Central Bank announcements First .
Statisma offers on Twitter its audio feeds for several Central Bank announcementspress conferences of the European Central Bank , the us Federal Reserve and The Bank of Canada also in the offer, trading companies. The dealer signed, Statisma service, you will receive an E-Mail with the Details of the talk, dial-in numbers.
In response to several calls from the BBC and other media, it will be published on their website this statement: "We have NO Embargo information, and we do NOT release information, without him, First made available to The Public ".
An ECB spokesman said the moves the Central Bank to possible problems with audio broadcasts in September, effectively you are delaying The Feed .
"Since September of this year, the ECB provides a low-latency audio Feed for each of the Monetary Policy press conference to speak on the topics in the news today.
"it makes no sense for anyone to commercially offered solutions, because The Solution we offer is the fastest option available and it is free for everyone," said the spokesman.
bank of england
Source of news: bbc.com