The Board of Directors of the Bank of Canada today announced that Carolyn Rogers has been appointed Senior Deputy Governor for a term of seven years, effective December 15, 2021. The selection was made by the independent members of the Board of the Bank and has been approved by the Federal Cabinet. Ms. Rogers succeeds Carolyn A. Wilkins, who resigned from the Bank on December 9, 2020.
As Senior Deputy Governor, Ms. Rogers will oversee the strategic planning and operations of the Bank and provide leadership for the Bank’s role in promoting a stable and efficient financial system. As a member of the Bank’s Board of Governors, she will share responsibility for the conduct of monetary policy. She will also be a member of the Bank’s Board of Directors.
“Carolyn Rogers’ vast experience and unique skills complement that of Governor Tiff Macklem and the rest of the Bank’s Board of Governors,” said Claire Kennedy, Senior Director and Chair of the Special Committee of the Board of Directors. Knowledge of the Canadian financial system, federal and provincial financial institutions, and payment systems will be invaluable to the Bank in its financial stability responsibilities and ongoing work on payments modernization, central bank digital currency, climate risks and the digitization of the economy and financial system. “
Governor Tiff Macklem warmly welcomed Ms. Rogers to her new role: âI am delighted that Carolyn Rogers is joining our team. His national and international experience will bring a diverse perspective to the Bank. She is also a strong leader and strategic thinker – invaluable skills as the Bank charts an ambitious path to better serve Canadians.
Originally from Winnipeg, Ms. Rogers is currently Secretary General of the Basel Committee on Banking Supervision. From 2016 to 2019, Ms. Rogers was Assistant Superintendent, Regulatory Sector at the Office of the Superintendent of Financial Institutions (OSFI), where she was responsible for OSFI’s policy functions, including capital, accounting and legislation. Prior to joining OSFI, Ms. Rogers was Superintendent and Chief Executive Officer of British Columbia’s integrated financial sector regulator, the Financial Institutions Commission (FICOM) from 2010 to 2016. She chaired the Independent Advisory Group (IAG) on real estate regulation. in British Columbia. She has also chaired the Canadian Council of Insurance Regulators and the Canadian Association of Credit Union Supervisors.
Prior to entering the provincial civil service, Ms. Rogers held various positions in the private sector, including as Chief Financial Officer and Chief Executive Officer of a private company. She has also worked in the financial services industry with several credit union organizations and a large bank.
Ms. Rogers is a Chartered Professional Accountant, holds a Bachelor of Arts from Brandon University, a Masters of Business Administration (MBA) from Queen’s University and has completed the Institute of Corporate Directors program.