Toby Fiennes is Head of Financial System Policy and Analysis for the Reserve Bank. He has worked in Prudential Supervision at the Bank since 2005, heading that department from 2007 to present day. The Financial System Policy and Analysis Department is responsible for developing and implementing public policy regarding the regulation of key players in the financial system, notably banks and insurers; and for exploring and analysing risks across the financial system. Before that, he worked in the supervision of banks and other financial institutions, first at the Bank of England from 1993 and then – when the function transferred – at the UK’s Financial Services Authority. Prior to that he spent 10 years at Barclays Bank in a variety of credit and marketing roles. He holds a MA in Economics from Cambridge University, England.