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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Carney outlines his achievements - but not his new job

by Jess Brammar - ITV News Economics Producer

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
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."

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