BANK’S TUCKER LANDS TOP SECURITIES ROLE

Paul Tucker, a Bank of England deputy governor, was appointed yesterday to head a global rulemaking body for securities clearing, a sector at the heart of post-financial crisis reform. He replaces the Fed’s William Dudley as chairman of the Committee on Payment and Settlement Systems, made up of central bankers from G20 countries. The committee is working to tighten rules for clearing house operators such as LCH.Clearnet.