Dame Clara Furse has stepped down as an external member of the Bank of England’s Financial Policy Committee (FPC).

Mark Carney, the Bank of England’s governor, said: “We thank Dame Clara for her important contribution as a founding member of the statutory Financial Policy Committee. The Committee has benefited greatly from Clara’s expertise in banking and financial markets and from her unique insights as a market practitioner.”

Furse said: “It’s been an enormous privilege to work with the governor, other FPC colleagues and Bank staff on developing the UK’s macro-prudential policy in its early years.

“I will miss our intense and important deliberations, but am looking forward to playing a more active and direct role in supporting the UK’s economic ambitions at a time of great change.”