Carolyn Rogers to Join Bank of Canada as Senior Deputy Governor

The Board of Directors of the Bank of Canada announced on Monday that Carolyn Rogers has been appointed Senior Deputy Governor for a seven-year term, effective December 15, 2021, selected by the independent members of the Bank’s Board and approved by the federal Cabinet. Ms. Rogers succeeds Carolyn A. Wilkins, who resigned from the Bank on December 9, 2020.

According to the Bank of Canada, as Senior Deputy Governor, Carolyn will oversee the Bank’s strategic planning and operations, and provide leadership to the Bank’s role in promoting a stable and efficient financial system. As a member of the Bank’s Governing Council, she will share responsibility for the conduct of monetary policy. Besides, she will also be a member of the Bank’s Board of Directors.

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Carolyn currently serves as Secretary General of the Basel Committee on Banking Supervision. From 2016 to 2019, she served as Assistant Superintendent, Regulation Sector at the Office of the Superintendent of Financial Institutions (OSFI), where she was responsible for OSFI’s policy-related functions, including capital, accounting, and legislation. Prior to joining OSFI, Carolyn served as Superintendent and Chief Executive Officer of the integrated financial sector regulator of British Columbia, the Financial Institutions Commission (FICOM) from 2010 to 2016. She chaired the Independent Advisory Group (IAG) on Real Estate Regulation in British Columbia. She also chaired the Canadian Council of Insurance Regulators and the Canadian Credit Union Prudential Supervisors’ Association.

Before entering the provincial public service,Carolyn worked in various roles in the private sector, including as Chief Financial Officer and Chief Executive Officer of a private company. She also worked in the financial services sector at several credit union organizations and a major bank.