The Bank of England has announced three senior appointments as part of a shake-up by its governor, Mark Carney. The changes follow criticisms about the Bank’s response to manipulation in the foreign exchange (forex) market.
Ben Broadbent will become the deputy governor for monetary policy and Nemat Shafik will take over the role of deputy governor for markets and banking. In addition, Anthony Habgood has been appointed the role of executive director for financial stability.
Commenting on the appointments, Carney said, “I am delighted that individuals of the calibre of Ben Broadbent, [Nemat] Shafix and Anthony Habgood will be joining the Bank’s leadership group.
“With a diverse combination of skills and experience, these appointments result in a well-rounded senior management team at the Bank – one that will set the direction for an ambitious agenda of transformation for the institution and enable it to meet the challenges and opportunities it faces in maintaining monetary and financial stability.”
The appointments are part of a wider reshape of the institution and during a speech as Cass Business School, Carney set out his plans for the Bank.
He recognised its role in maintaining financial stability and how uncertainty around the future value of money can lead to a loss of faith in the financial system.
He also noted that the financial crisis was a “powerful reminder that price stability is not sufficient to macroeconomic stability”.
Like our Facebook Page
How to Find an Eco-Friendly Termite Control Service Provider in Malaysia
Eco-Friendly Vegans Win Most Battles Not the War
3 Iconic Chicago Billboards Eco-Friendly Advertisers Can Learn from
EnviroSolar’s Abe Issa Discusses Success in Green Entrepreneurship
How Sports Could Be Impacted by Climate Change
What Eco-Friendly Patients Should Know about Online Therapy
6 Reasons Why Meal Delivery Services are Eco-Friendly
The Path for Retail’s Sustainable Future
4 Eco-Friendly Ways to Treat a Sinus Infection
4 Strategies for Eco-Friendly Real Estate Investors to Find Properties
How Managed Print Services Helps to Reduce Paper Waste
Why Scientists Are Concerned About ‘Forever Chemicals’ In Drinking Water
Meat Farming Is Only Getting Smarter, Easier & Eco-Friendlier
What is Eco-Friendly Homesteading and How Does it Affect Your Insurance?
Importance of Using a Water Purifier in an Area with High Pollution
Alternative Financing Ideas for Green Businesses that Shun Banks
Tencel Material Demand Shows Britain Is More Eco-Friendlier Than Ireland
How To Invest in Clean Energy Stocks in Only Five Easy Steps!
How To Secure Funding As An Eco-Entrepreneur?
4 Amazing Eco-Friendly Businesses Worth Starting in 2021
- Features8 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy9 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features8 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Invest10 months ago
The Eco-Friendly Evolution of Bitcoin Over the Years