Bank of England appoints Nathanael Benjamin to Financial Policy Committee

LONDON (Reuters) -The Bank of England said on Monday it had appointed one of its senior regulators, Nathanael Benjamin, to its Financial Policy Committee (FPC) after naming him executive director for financial stability strategy and risk.

The FPC, which normally has 13 members, sets capital requirements for British banks, issues other guidance such as on mortgage lending and monitors for longer-term risks to financial stability.

Benjamin, currently the BoE's executive director for authorisations, regulatory technology and international supervision, will move to his new role in December.

Benjamin succeeds Sarah Breeden, who was promoted to deputy governor for financial stability after the end of Jon Cunliffe's term of office last month.

"Nathanael has wide-ranging experience and knowledge of financial analysis and risk, as well as supervision," BoE Governor Andrew Bailey said in a statement.

(Reporting by David Milliken; Editing by Sachin Ravikumar)