[2025] UKUT 00185 (TCC)

As noted above, Ms Jo Roberts was the Bank’s Director of Investor Relations, and Ms Gillan was the Chief Risk Officer with overall responsibility for risk management throughout the Bank.

Mr Dave MacLean was the Bank’s Finance Director, reporting to Mr Arden. One of his responsibilities was the oversight of regulatory reporting, while Mr Mark Stokes was the director of commercial lending, reporting to Mr Donaldson.

Ms Iovino, the Director of Credit Risk and Analytics, reported to Ms Gillan. As already noted, in May 2018, she went on maternity leave and her role was filled on an interim basis by Mr Somers and Mr Costa on a job-share basis, with each doing three days a week. Mr Dransfield replaced Mr Costa in September 2018.

Ms Suzie Orrell, Mr Dave Richardson and Mr Olivier Baixas were members of the Credit Risk team led by Mr Somers and Mr Costa/Mr Dransfield. That team was responsible for credit risk modelling and monitoring, including (a) the building and maintenance of models necessary for the Bank’s ICAAP reporting, and (b) dealing with the Bank’s possible move from a standardised approach for calculating RWAs to an AIRB approach: that project was headed by Mr Richardson.