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.
More top news
The Chancellor will promise to fix a glitch, which means repayments continue to be taken for up to 12 months after the loan is paid off.
Holly has Tuesday's forecast for the east of the region.
Holly has Tuesday's forecast for the west of the region.