Charles Goodhart, Commander of the Order of the British Empire, Fellow of the British Academy, is a member of the Financial Markets Group at the London School of Economics. From 1985 until retiring in 2002, he was the Norman Sosnow Professor of Banking and Finance at the London School of Economics. Before then, he had worked at the Bank of England for 17 years as a monetary adviser, becoming a chief adviser in 1980. He was an outside independent member of the Bank of England’s new Monetary Policy Committee from 1997 to 2000 and advisor to the Governor of the Bank on financial stability from 2002 to 2004. His publications include more than 20 books, among them The Evolution of Central Banks (1988) and The Regulatory Response to the Financial Crisis (2009). In his spare time he is a sheep farmer (loss-making).