Executive Director, Financial Market Infrastructure, Bank of England
Sasha Mills is Executive Director of Financial Market Infrastructure. Sasha advances our work to protect the UK economy by keeping the backbone of the financial system secure and reliable. This work ensures enhancing the stability and resilience of FMIs through risk-based, forward looking supervision. She also provides intellectual and policy leadership to both the international and domestic regulation of payments and stablecoins, and to the development of international policy on the role of margin. Sasha represents the Bank on the CPMI (Committee on Payments and Market Infrastructures) and CPMI IOSCO (International Organization of Securities Commissions) and related international groups.
Previously she was the Executive Director of the Resolution Directorate, and led the Resolution Directorate’s important agenda since 2018. She was responsible for advancing the Bank’s work on making sure the financial system is stable, ensuring UK banks, building societies, investment firms and central counterparties can be placed in resolution if they fail. She was responsible for overseeing the recent successful delivery of the Bank’s first assessment of the major UK banks’ resolvability under the Resolution Assessment Framework, a significant policy and legislative agenda, and senior cross border resolution exercises. Sasha has been a leading member of FSB ResG and chair of its banking subcommittee.
Sasha joined the Resolution Directorate from our Prudential Policy Directorate, where she was Director of Cross Cutting and Insurance Policy. There she was responsible for policy that affects banks and insurers including structural reform; accounting and the capital framework; governance and individual accountability; disclosure; and policy strategy and implementation.
Sasha has extensive experience in regulation and central banking. She brings over thirty years of knowledge and understanding of financial markets to her role and has supervised some of the UK’s most systemically important firms.
Sasha takes a leading role in equity, diversity and inclusion issues and, having spent a significant part of her career working part-time, she is an advocate of flexible working.