New Bank of England Governor

The incoming Governor of the Bank of England Mark Carney is setting out how he will act in his new role during a speech as the current Bank of Canada Governor.

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  1. Jess Brammar - ITV News Economics Producer

Carney outlines his achievements - but not his new job

The next Governor of the Bank of England, Mark Carney, is giving a speech in Canada.

The introduction to the speech listed his many, many achievements and roles - but did not mention his new job in London.

Mark Carney gives a speech in Canada Credit: www.bankofcanada.ca

Carney has said openness from central banks equals households and businesses that understand the actions and aims of bank, which leads to more confidence in

the financial future.

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Blanchflower: BoE Governor job is 'too big for one person'

Former Monetary Policy Committee member David Blanchflower has told ITV News that the role of Bank of England Governor is "too big for one person."

"It certainly looks like it's too big for one person - it's been hard enough to just control the Bank of England and the FSA," he said.

"We have someone here who is highly-skilled at both regulation and monetary policy, but they're presumably going to have to set up a bureaucratic structure with lots of deputies to deal with it."

He said the hiring of Mark Carney is "clearly a very high-quality appointment."

PM: Carney is 'the exceptional person for this job'

I am delighted that Mark Carney has accepted the job as the next Governor of the Bank of England.

He takes up the role at an important time, as we put the Bank of England back at the heart of financial regulation, so that we do not repeat the mistakes of the past.

His distinguished record on economic policy, the high regard of his international peers and the leadership he has shown on the global economic crisis make him the exceptional person for this job.

I very much look forward to working with him from next summer.

– David Cameron
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