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Next Bank of England Governor Named

The UK Chancellor of the Exchequer announced today that Mark Carney, current governor of the Bank of Canada and Chairman of the Financial Stability Board, will succeed Sir Mervyn King as governor of the Bank of England on July 1, 2013. Carney will serve a fixed term of eight years and will hold new regulatory powers over banks as part of the transfer of responsibilities for U.K. financial services regulation set to become effective in January 2013.

Tags

Regulated Activities
Governance
Sub-Activity
Regulatory Personnel Changes
Regulated Entities
Regulatory Agencies
Body of Law
Banking Law
Jurisdiction
European Union or Non-U.S. Country
Organization
Non-U.S. Regulators
Sub-Author
Bank of England