Who has been appointed as successor to Mervyn King as Governor of the Bank of England?
"Rational Expectations Hypothesis as promulgated by Walters The handing over of monetary policy to the Bank had been a key plank of the Liberal Democrats' economic policy since the 1992 general election. Conservative MP Nicholas Budgen had also proposed this as a private member's bill in 1996, but the bill failed as it had the support of neither the government nor the opposition. Mark Carney assumed the post of Governor of the Bank of England on 1 July 2013. He succeeded Mervyn King, who took over on 30 June 2003. Carney, a Canadian, will serve an initial five-year term rather"
"the Bilderberg Group in 2011 and 2012. On November 26, 2012, Chancellor of the Exchequer George Osborne announced the appointment of Carney as Governor of the Bank of England. He succeeded Sir Mervyn King on July 1, 2013. He is the first non-Briton to be appointed to the role since the Bank was established in 1694. The Bank of England was given additional powers from 2013, such as the ability to set bank capital requirements. Prior to taking up the post, Carney had already indicated disagreement with the Bank of England's Executive Director of Financial Stability Andy Haldane, specifically on"
"Mervyn King, Baron King of Lothbury Mervyn Allister King, Baron King of Lothbury, (born 30 March 1948) is a British economist and public servant who served as the Governor of the Bank of England from 2003 to 2013. Born in Chesham Bois, Buckinghamshire, King attended Wolverhampton Grammar School and studied economics at King's College, Cambridge, St John's College, Cambridge, and Harvard University. He then worked as a researcher on the Cambridge Growth Project, taught at the University of Birmingham, Harvard and MIT, and became a Professor of Economics at the London School of Economics. He joined the Bank of England"
"same county, The Viscount De L'Isle. King's books include: Mervyn King, Baron King of Lothbury Mervyn Allister King, Baron King of Lothbury, (born 30 March 1948) is a British economist and public servant who served as the Governor of the Bank of England from 2003 to 2013. Born in Chesham Bois, Buckinghamshire, King attended Wolverhampton Grammar School and studied economics at King's College, Cambridge, St John's College, Cambridge, and Harvard University. He then worked as a researcher on the Cambridge Growth Project, taught at the University of Birmingham, Harvard and MIT, and became a Professor of Economics at the London"
"Governor for Financial Stability for the rest of his term, and Mervyn King became the first Deputy Governor for Monetary Policy. In June 2013, the position of Chief Operating Officer (COO) of the Bank of England was created. The COO has responsibility for the day-to-day operations of the Bank. They have the same status and remuneration as a Deputy Governor. Deputy Governor of the Bank of England A Deputy Governor of the Bank of England is the holder of one of a small number of senior positions at the Bank of England, reporting directly to the Governor. According to the"
"audiences throughout the country, with the same aim. Their views and expectations for inflation are also republished in the Bank's quarterly inflation report. As of August 2017, the current Committee comprises (by status): Other, former members of the Committee (by date of appointment) are: The dates listed show when their current terms of appointment are due to, or did, end. As of January 2008, Mervyn King, the Bank of England's then Governor, was the only MPC member to have taken part in every meeting since 1997. As a result, after the MPC meeting in July 2013, the first after King"
"of the Bank of England. In that role, she was responsible for the day-to-day management of the bank, including human resources, finance, property, IT, and security, as part of Carney's efforts to streamline the institution. However, she had no policy making decisions as that falls to the Governor and Deputy Governor. As COO, she had the same status and received the same remuneration as a Deputy Governor. On 9 January 2017, it was announced that she had been appointed Deputy Governor (markets and banking) in succession to Minouche Shafik, while retaining her title as COO, making her a potential successor"
"Mark Carney Mark Joseph Carney (born March 16, 1965) is an economist and central banker. He holds Canadian, British and Irish citizenship and has been Governor of the Bank of England since 2013 and was Chairman of the Financial Stability Board from 2011 to 2018. Carney began his career at Goldman Sachs before joining the Canadian Department of Finance. He later served as Governor of the Bank of Canada from 2008 until 2013, when he moved to his current post. His term is due to expire in January 2020. Carney was born on March 16, 1965, in Fort Smith, Northwest"
"Mark Carney Mark Joseph Carney (born March 16, 1965) is an economist and central banker. He holds Canadian, British and Irish citizenship and has been Governor of the Bank of England since 2013 and was Chairman of the Financial Stability Board from 2011 to 2018. Carney began his career at Goldman Sachs before joining the Canadian Department of Finance. He later served as Governor of the Bank of Canada from 2008 until 2013, when he moved to his current post. His term is due to expire in January 2020. Carney was born on March 16, 1965, in Fort Smith, Northwest"
"in the nine-member Monetary Policy Committee (MPC) of the Bank of England. Gertjan Vlieghe Gertjan Willem Vlieghe (born May 1971) is a British-Belgian economist. Gertjan Willem Vlieghe was born in May 1971, and received a PhD from the London School of Economics. Vlieghe was an economic assistant to Lord Mervyn King at the Bank of England. He then worked as a bond strategist and director at the Deutsche Bank. Later, he worked as a senior economist at Brevan Howard, a hedge fund based in London. On 28 July 2015, it was announced that he would replace David Miles in September"
"four Deputy Governors (Sir Jon Cunliffe, Ben Broadbent, Sam Woods and Sir David Ramsden). They have special responsibility for financial stability, monetary policy, prudential regulation and markets and banking respectively. In 2013, the position of Chief Operating Officer (COO) was created and has the same status and remuneration as a Deputy Governor. Under Schedule 1 of the Bank of England Act 1998 (as amended), Deputy Governors are appointed for five year terms, and are term-limited to two terms. The Bank of England Act 1998, which came into force on 1 June 1998, created a second Deputy Governorship. Clementi became Deputy"
"April 2013 Bailey became the Chief Executive of the new Prudential Regulation Authority and the first Deputy Governor of the Bank of England for Prudential Regulation. On 26 January 2016, it was announced that Andrew Bailey will take over as CEO of the UK Financial Conduct Authority. He replaced Tracey McDermott, who became acting CEO after Martin Wheatley resigned following a vote of no confidence by George Osborne in July 2015. Andrew Bailey (banker) Andrew John Bailey (born 30 March 1959) is a British central banker, who was Deputy Governor of the Bank of England from April 2013 to July"
"1981 Budget. King joined the bank in March 1991 as chief economist and executive director, after being a non-executive director from 1990 to 1991. He was appointed Deputy Governor in 1997, taking up his post on 1 June 1998. In the same year, King became a member of the Group of Thirty. An ex-officio member of the bank's interest-rate setting Monetary Policy Committee since its inception in 1997, King took part in its monthly meetings. He succeeded Sir Edward George as governor on 1 July 2003, and was also the first incumbent governor of the Bank of England to be"
"as Bank Governor. Deputy bank governor Cleviston Haynes took over as acting Governor. He eventually succeeded Worrell as full-fledged Governor in July 2017. After leaving the Bank, Worrell founded and became president of his consulting firm, DeLisle Worrell & Associates, which specializes in economic modeling and forecasting. In June 2018, he was appointed a Member of the Financial Policy Council of the Bermuda Monetary Authority, a post which he continues to hold. He also continues to be a member of the prominent Bretton Woods Committee, a network of prominent global citizens which works to demonstrate the value of international cooperation"
"coming to power the Bank was given independence in setting UK interest rates by Gordon Brown, the incoming Chancellor of the Exchequer. He was succeeded as Governor of the Bank of England in July 2003 by Mervyn King. George attracted controversy in 1998 when he was widely reported to have made a statement to London newspaper executives implying that unemployment in the north of England was a price worth paying to preserve affluence in the south of the country. He later claimed that his remarks had been misconstrued. George served as a Governor of his former school, Dulwich College, between"
"Paul Tucker (banker) Sir Paul Tucker (born 24 March 1958) is a British economist and central banker. He was formerly the Deputy Governor of the Bank of England, with responsibility for financial stability, and served on the Bank's Monetary Policy Committee from June 2002 until October 2013 and its interim and then full Financial Policy Committee from June 2011. In November 2012 he was turned down for the position of governor in favour of Mark Carney. In June 2013, Tucker announced that he would leave the Bank of England, and later that he would be moving to Harvard. He was"
"is the Prime Minister. This includes the Governor of the Bank of England (currently Mark Carney) and up to 14 directors in total (currently there are 12, 9 men and 3 women). The Governor may serve for a maximum of 8 years, deputy governors for a maximum of 10 years, but they may be removed only if they acquire a political position, work for the bank, are absent for over 3 months, become bankrupt, or ""is unable or unfit to discharge his functions as a member"". This makes removal hard, and potentially a court review. A sub-committee of directors sets"
"Governor of the Bank of England The Governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the bank, with the incumbent grooming his or her successor. The Governor of the Bank of England is also Chairman of the Monetary Policy Committee, with a major role in guiding national economic and monetary policy, and is therefore one of the most important public officials in the United Kingdom. According to the original charter of 27 July 1694 the bank's affairs"
"Governor, overseeing strategic planning and coordinating all the Bank's operations, sharing responsibility for the conduct of monetary policy as a member of the Bank's Governing Council, and participating in fulfilling the Bank's responsibilities for promoting financial stability. Jenkins was considered the front-runner to succeed David A. Dodge as Governor but instead was passed over in favour of Mark Carney. Jenkins notified the board on October 29, 2009 that he would not seek a renewal once his seven-year term expired in April 2010. Paul Jenkins (economist) Paul Jenkins is a Canadian economist and Distinguished Fellow at The Centre for International Governance"
"of England, before becoming an Assistant Professor at Columbia University. He joined Goldman Sachs in 2000 as Senior European Economist, a position he held until 2011. In June 2011, he replaced the departing Andrew Sentance on the Bank of England Monetary Policy Committee. Broadbent is also an Executive Fellow of Economics at London Business School. Ben Broadbent Benjamin Robert Hamond Broadbent (born 1 February 1965) is a British economist and has been Deputy Governor for Monetary Policy at the Bank of England since 1 July 2014. He had previously been an external member of the Bank of England's Monetary Policy"
"EU in January 2012. He was replaced in the role by Ivan Rogers. Cunliffe currently serves as Deputy Governor of the Bank of England for Financial Stability. He took up the role in November 2013 and is an ""ex officio"" member of the Bank's Financial and Monetary Policy Committees and its Court of Directors. He replaced Paul Tucker when the latter was passed over for promotion to Governor in favour of Mark Carney, and chose instead when the announcement was made in June 2013 to lecture at Harvard. Cunliffe is overseeing 'Project Bookend', the Bank of England's project to examine"
"0.03% and the third quarter figures fall by a further 0.9%. The Bank of Japan doubles its inflation target to 2% and announces open-ended asset purchases for 2014 in the hope of ending deflation. Initial GDP figures for the fourth quarter of 2012 show the UK economy shrank by 0.3% raising fears of a triple dip recession. Sir Mervyn King, Governor of the Bank of England, says he believes ""a recovery is in sight"". However, he also expects inflation to rise to at least 3% by the summer of 2013 and to remain above the Bank's 2% target for two"
"inflation is more than one percentage point off its target, the Governor of the Bank of England is required to write to the Chancellor explaining why. Mervyn King became the first Governor to do so in April 2007, when inflation ran at 3.1% against a target 2%. Since 1996 the United Kingdom has also tracked a Consumer Price Index figure, and in December 2003 its inflation target was changed to one based on the CPI. The CPI target is currently 2%. Both the CPI and the RPI are published monthly by the Office for National Statistics. In the USA, CPI"
"Bridgehampton, New York, as well as another house, set on 2.65 acres, in Sagaponack, New York. On September 22, 2015, Blankfein was diagnosed with a form of lymphoma. He received multiple rounds of treatment of chemotherapy and by October 2016 was in remission. Lloyd Blankfein Lloyd Craig Blankfein (born September 20, 1954) is an American investment banker who has served as chairman of Goldman Sachs since 2006, and chief executive from 2006 until September 2018. He assumed the office after former chief executive, Henry Paulson, was asked to serve as the 74th United States Secretary of the Treasury. Previous to"
"as BOC Governor with the appointment of Mark Carney as Governor of the Bank of England. However Macklem was passed over in favor of Stephen Poloz, becoming the third senior deputy governor in a row, after Malcolm Knight and Paul Jenkins, not to be chosen as the governor of the BOC. Macklem was considered a successor to former BOC Governor David Dodge and widely respected in the BOC and worldwide, though being a career civil servant he lacked the private sector experience that Carney and Poloz possessed. Some commentators suggested that Macklem would soon leave the BOC after being snubbed"
"the Bank's COO has been Charlotte Hogg. , the Bank's chief economist is Andrew Haldane. Representing the Bullionist perspective, Economist David Ricardo argued that the Bank of England caused inflation and depreciation of the pound by over-issuing banknotes to purchase government securities because of the 1797 suspension of convertibility of pound into specie. The convertibility was suspended to prevent widespread conversion of banknotes into specie as the likelihood of war between England and France grew and fears of a French invasion increased. Before 1797, banknotes issued by the Bank of England were required to be convertible into specie. In the"
"It also acted as a lender through the 19th century in emergencies to finance banks facing collapse. Because of its power, many believed the Bank of England should have more public duties and supervision. The Bank of England Act 1946 nationalised it. Its current constitution, and guarantees of a degree of operational independence from government, is found in the Bank of England Act 1998. Under section 1, the bank's executive body, the ""Court of Directors"" is ""appointed by Her Majesty"", which in effect is the Prime Minister. This includes the Governor of the Bank of England (currently Mark Carney) and"
"Andrew Bailey (banker) Andrew John Bailey (born 30 March 1959) is a British central banker, who was Deputy Governor of the Bank of England from April 2013 to July 2016. He had previously served as the Bank's Chief Cashier from January 2004 until April 2011. He is currently the Chief Executive Officer of the Financial Conduct Authority. Bailey attended Wyggeston Boys' Grammar School, Leicester from where he went to Queens' College, Cambridge, where he gained a BA in History and a PhD. After university, Bailey became a research officer at the London School of Economics, before joining the Bank of"
"than the typical eight, and will seek UK citizenship. At Government request, his term was extended to 2019, then again to 2020. He is the first non-British citizen to hold the post. As of January 2014, the Bank also has four Deputy Governors. BOEN was dissolved, following liquidation, in July 2017. There are two main areas which are tackled by the Bank to ensure it carries out these functions efficiently: Note: It is important to note that ""monetary"" and ""financial"" are synonyms. Stable prices and confidence in the currency are the two main criteria for monetary stability. Stable prices are"
"of Warwick. Paul Fisher (economist) Paul Gregory Fisher (born 7 September 1958) is a British economist, who left the Bank of England in July 2016 after 26 years service. In September 2016 he was appointed Chair of the London Bullion Market Association and in December 2016, he became a non-executive director at the UK Debt Management Office. Fisher has been a visiting professor at Richmond, The American International University in London since 2012; and is a Senior Research Fellow in the new DAFM Centre of the Business School at King's College London. He was Chair of the Board of Trustees"
"was elected to succeed Wells Fargo current chairman, Stephen Sanger, on Jan. 1, 2018, making the former Federal Reserve governor the first woman to hold the top board role at one of the nation's largest banks. Elizabeth Ashburn Duke Elizabeth Ashburn Duke (born July 23, 1952) is an American bank executive, most notable for being a member of the Board of Governors of the Federal Reserve System of the United States from 2008 through 2013. She was confirmed by the Senate June 27, 2008 to fill an unexpired term ending January 31, 2012. She was the seventh woman to be"
"Deputy Governor of the Bank of England A Deputy Governor of the Bank of England is the holder of one of a small number of senior positions at the Bank of England, reporting directly to the Governor. According to the original charter of 27 July 1694 the Bank's affairs would be supervised by a Governor, the Deputy Governor and 24 directors. Since then, however, the role of Deputy Governor has been split and redefined three times (by the Bank of England Act 1998, the Financial Services Act 2012 and again in 2014), such that, as of May 2016, there are"
"closely connected with both the United States and the eurozone. In 2012 the UK economy was in recession, being negatively impacted by reduced economic activity in Europe, and apprehensive regarding possible future impacts of the Eurozone crisis. The Bank of England made substantial funds available at reduced interest to UK banks for loans to domestic enterprises. The bank is also providing liquidity by purchase of large quantities of government bonds, a programme which may be expanded. Bank of England support of British banks with respect to the Eurozone crisis was backed by the British Treasury. Bank of England governor Mervyn"