Former Fed vice-chair Donald Kohn takes another three-year term at BOE's FPC

Kohn joins Bank of England

Donald Kohn was once a favourite to replace Alan Greenspan but left the Fed in the Bernanke years.

He's been on the BOE's FPC and will remain there for another 3 years according to a UK government statement. Martin Taylor was also anointed for a mini-term of 12-15 months.

According to the BOE, the Financial Policy Committee (FPC) identifies, monitors and takes action to remove or reduce systemic risks with a view to protecting and enhancing the resilience of the UK financial system.