Economy

Mark Carney appointed chair of Bank for International Settlements groups

Mark Carney appointed chair of Bank for International Settlements groups”

Bank of England governor Mark Carney has been appointed as the chair of two influential committees at the global regulator known as the bank of central banks.

Carney was governor of the Bank of Canada from 2008 to 2013, when he took over as head of the BoE.

BIS acts as an arbiter for worldwide central banking and is made up of a consortium of central bankers from around the world.

Bank of England governor Mark Carney's influence on global financial reform will grow as he takes the reins of two pivotal groups for the body that oversees worldwide central banks, according to a Monday announcement.

Formed on an 18-strong team, the ECC supports the work of the GEM, conducting analysis and prepares proposals for its consideration.

Carney already chairs the Financial Stability Board at the BIS in Basel.

In addition to these duties, he heads the Board of the Prudential Regulation Authority and also serves as a member of the Group of Thirty and of the Foundation Board of the World Economic Forum.

He starts in December, when Augustin Carstens, who now chairs both bodies, becomes general manager of the BIS.



Like this

Latest


12 September 2017
Quaid's 69th death anniversary on Monday
Special prayers will also be offered in mosques across the country for the departed soul of the father of the nation. Shah said that the issue of the Sindh IG was in court and only it had the authority to pass a verdict.

12 September 2017
NFL appeals injunction in Elliott case
Elliott would still be paid, but would not be allowed to work in that instance. According to reports , the appeal was filed in the 5th Circuit of the U.S.

12 September 2017
Indians Register 19th Straight Win Behind Carlos Carrasco, Francisco Lindor
Indians All-Star second baseman Jose Ramirez has departed their game against Detroit with a bruised left forearm. Catcher Yan Gomes brought in the first run of the game when he singled to center field and drove in Santana.

12 September 2017
Transdigm Group Incorporated (TDG) Announces $22.00 Special Dividend
Following the sale, the vice president now directly owns 20,000 shares of the company's stock, valued at approximately $5,004,600. Therefore 61% are positive. 08/03/2017 - Transdigm Group Incorporated had its "buy" rating reiterated by analysts at Jefferies.

12 September 2017
Alphabet Inc. (GOOGL) Stock Rating Reaffirmed by SunTrust Banks, Inc
Franklin Parlapiano Turner & Welch LLC acquired a new position in Alphabet in the first quarter valued at approximately $108,000. Finally, Scopus Asset Management L.P. purchased a new position in shares of Alphabet during the first quarter worth $72,063,000.

12 September 2017
Mariah Carey Being Honored At Vh1 Hip-Hop Honors
The '90s block party will take place at Paramount Studios in Hollywood on September 17, while the show airs September 18 at 9 p.m. The global music icon will be saluted for her "groundbreaking hip-hop collaborations", according to a statement.

12 September 2017
Clemson at Louisville, 09/16/17
The junior and reigning Heisman Trophy victor has dazzled the college football scene in his first two games of the year. His broadcast partner, analyst Kirk Herbstreit, agreed. "Only seems logical to see round 2 this year in Louisville!"

12 September 2017
Unlikely Hero: Raiders kicker Giorgio Tavecchio wins game ball vs. Titans
Janikowski, the Raiders' longest-tenured player and all-time leading scorer, made 82.9 percent of his kicks last season. He has a huge leg and it has allowed Oakland to attempt some long field goals with him through the years.

12 September 2017
Comcast Corporation (NASDAQ:CMCSA) Closed Under Its 50 Day Average
Several analysts have released their opinion on Comcast Corporation (NASDAQ:CMCSA), with 18 analysts believing it is a strong buy. The stock witnessed -5.96% declines, -6.09% declines and 2.38% gains for the 1-month, 3-month and 6-month period, respectively.

12 September 2017
United Nations chief warns US, North Korea on "confrontational rhetoric"
Opposition to THAAD has been fierce both within South Korea and without. Abe is due to meet Putin separately later in the day.



Recommended