Sir Mervyn King will receive an honorary Doctor of Civil Law degree in recognition of his contribution to economics and public life tomorrow at a ceremony at Canterbury Cathedral.
The Bank of England governor told MPs today the culture within investment banks had started to change.
In a hearing with the Parliamentary Commission on Banking Standards, Sir Mervyn said the investment banking industry was seeing a "new generation of leadership".
But the governor, who will step down in just over seven months, said proposals to introduce ring-fences to protect high-street operations from investment divisions was still necessary.
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Delays and cancellations at South Western Railway are “not good enough”, according to the Government who have ordered an independent review.
Wednesday's GMB weather for the west of the region
Wednesday's GMB weather for the east of the region