Mark Carney, Governor, Bank of England

Mark Carney, Governor, Bank of England

Mark Carney joined the Bank of England as governor on 1 July 2013 having had his appointment approved by the Queen on 26 November 2012

Bio

Mark Carney joined the Bank of England as governor on 1 July 2013 having had his appointment approved by the Queen on 26 November 2012.

As part of his role of governor, he is chair of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Committee.

In addition to his role as governor, Carney chairs the Financial Stability Board (FSB), is First Vice-Chair of the European Systemic Risk Board, and a member of the Group of Thirty and the Foundation Board of the World Economic Forum.

He graduated from Harvard University in 1988 and received a master’s degree in Economics in 1993, and a doctorate in Economics in 1995 from Oxford University.

Before his appointment as governor at the Bank of England, Carney worked for Goldman Sachs for 13 years ahead of serving as deputy governor of the Bank of Canada between August 2003 and August 2004. He became senior associate deputy minister of finance in November 2004 before being appointed as governor of the Bank of Canada in February 2008.

In 2016, Carney announced that he would extend his five-year term as governor of the Bank of England to June 2019.

Why did Mark Carney make the Financial Power List 2018?

Carney was named in 21st position on the Accountancy Age Financial Power List 2018:

It’s been a busy three years for Carney as he has battled to steady the ship amid the ongoing Brexit storm. With just under 18 months left as governor of the Bank of England, the remainder of his tenure will be critical for the UK as Brexit edges ever closer, but uncertainty shows no sign of fading. Carney himself has been at the centre of controversy with his comments on the UK’s exit from the EU with the governor unlikely to be able to make it through 2018 without riling the pro-Brexit boat some more.

Find out which other individuals were included in the Financial Power List 2018.

Bank of England

The Bank of England is the UK’s central bank with responsibility for regulating other banks, issuing banknotes, setting monetary policy and maintain stablility.

It was founded in 1694.

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