Bank of Canada Taps Carolyn Rogers as Senior Deputy Governor

The Board of Directors of the Bank of Canada (BoC) has announced on Monday that it appointed Carolyn Rogers as its new Senior Deputy Governor, scheduled for a seven-year term, starting December 15, 2021. According to the press release, Rogers will be succeeding Carolyn Wilkins, who resigned to the role from the bank at the end of last year.

Born in Winnipeg, Manitoba, Rogers is currently serving as Secretary-General of the Basel Committee on Banking Supervision. She is a Chartered Professional Accountant, and holds a Bachelor of Arts (BA) from Brandon University, plus a Master of Business Administration (MBA) from Queen’s University.

“Carolyn Rogers’ wide-ranging experience and unique set of skills superbly complement those of Governor Tiff Macklem and the rest of the Bank’s Governing Council. Her deep knowledge of the Canadian financial system, federal and provincial financial institutions, and payments systems will be invaluable to the Bank in its financial stability responsibilities, and its continued work on payments modernization, central bank digital currency, climate risks, and the digitalization of the economy and financial system,” Claire Kennedy, Lead Director and Chair of the Special Committee of the Board of Directors, commented on the announcement.

Responsibilities in the Role

In her new role as a Senior Deputy Governor, Rogers will lead the BoC’s strategic planning and operations and share the duties of overseeing the conduct of the monetary policy, as she will be another member of the Bank of Canada’s Board of Directors.

“I want to warmly congratulate Carolyn on her appointment to the Bank of Canada. She has an excellent track record in the global central banking and supervisory community and will be an asset to the Bank of Canada in her new role. Most recently, as Secretary General of the Basel Committee, Carolyn played a key role in ensuring that the Committee would be effective in promoting the consistency of the international response to the Covid-19 crisis. Banks have so far proved to be a source of strength during the pandemic, supporting aggregate lending and helping the economy weather the storm,” Agustín Carstens, Bank for International Settlements’ General Manager, said in a statement.