Paul Tucker, one of the Bank of England's deputy governors, is to leave a little early. From his letter: I am grateful to you for agreeing that I should step down slightly before the end of my term as a Deputy Governor of the Bank of England but after I have been able to provide support to the new Governor in his first few months in office. As a member of the G20 Financial Stability Board, I have worked closely with Mark Carney for many years and I look forward to supporting him as he arrives at the Bank. According to the Bank of England: The exact date of his departure from the Bank will be confirmed in due course, but it is likely to be in the autumn after Paul has provided support to the new Governor, Mark Carney, through the first months of his term of office. Until he leaves the Bank, Paul will also continue to be an active member of the G20"s Financial Stability Board (FSB) and of other international committees. After Paul leaves the Bank, he plans to spend a period of time in academia in the United States. That does make jokes about current vacancies elsewhere a little tougher. Not impossible though. But honestly, who didn't think this was on the cards? Quick update as Barc's Chris Walker sent through a good short take: Paul Tucker has left the BoE. No huge surprise given he failed to get the top job as Carney came in and his term was due to end relatively soon in any case. No immediate monpol implications, since he sits somewhere in the middle ground but the BoE will need to replace him and the role as Deputy Governor, with focus on the financial stability channel. Fits in line with the house view that Carney's changes will be focused on the financial regulation channels rather than sweeping monetary policy changes (though we still expect some form of forward guidance). His role will be an important one and should he be replaced with a big name, it would fit in line with the idea that the FPC will have a more important role to play over the next few years under Carney's tenure. Related link: FT Alphaville's Tucker file