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Mark Carney named as Bank of England governor
by Alex Steger on Nov 26, 2012 at 15:33
Mark Carney has been named as the new governor of the Bank of England, succeeding Mervyn King.
Chancellor George Osborne announced Carney's appointment in parliament today.
Carney (pictured) is currently the governor of the Bank of Canada and chairman of the Financial Stability Board. He has previously worked at Goldman Sachs and the Canadian Department of Finance.
He will serve a fixed term of eight years and will hold new regulatory powers over banks.
His appointment came as a surprise with bookmakers having refused to take any more bets on the Bank’s current deputy governor Paul Tucker being named as King’s successor.
Carney also beat Financial Services Authority chairman Adair Turner and John Vickers, who led the government's recent review into breaking up the banks, to the Bank of England’s top job.
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iShares: Time to shatter the ETF myths
As result of industry changes - the retail distribution review - and a growing focus on cost-efficient solutions, we anticipate the number of investors using ETFs will rise significantly over the coming years.
But as with any newer product, especially in the financial world, various misconceptions about ETFs have perpetuated over the years and iShares is committed to addressing and ultimately dispelling these.