Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

King successor Carney to be grilled by MPs

Mervyn King's successor Mark Carney will face a grilling before MPs in the Treasury Select Committee (TSC).

Carney, who takes over from King this summer, has been called before the committee on Tuesday when he will be asked about his surprise appointment as Bank of England governor, the selection process and his thoughts on monetary policy and financial stability.

Some 56 other applicants had hoped to fill King's shoes, but chancellor George Osborne said Britain had been able to 'attract the world's best' by recruiting Bank of Canada and former Goldman Sachs banker Carney for the role.

Although his attendance at the Treasury Select sees Carney follow a number of high profile individuals attending sessions - with former Barclays boss Bob Diamond, King and his deputy Paul Tucker all asked to appear in recent months - he is no stranger to being outspoken about policy changes he believes will power growth in the UK.

At the beginning of the year he vowed to put economic expansion at the top of the agenda when he takes over from King as governor, and even broached the idea of ditching inflation targeting.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter