14 Apr 2019
British finance minister Philip Hammond has fired the starting gun for the race to succeed Bank of England Governor Mark Carney, but concerns about Brexit may keep some potential contestants on the sidelines.
Britain is unusual in throwing open the invitation to run its central bank to candidates from around the world.
Yet Carney’s tenure – the first for a foreigner at the BoE – has been seen as a success for the country’s financial diplomacy, and the government is keen to promote what it calls a “global Britain” after the country leaves the European Union.
The chances are high that the Canadian’s successor was somewhere among the thousands of delegates at the International Monetary Fund’s half-yearly meeting last week, where Hammond told media the process for finding a new governor was “getting underway”.
By David Milliken, Reuters, 14 April 2019
Read more at Reuters
You can claim CPD minutes for this content, by signing up to our CPD WalletFREE CPD Wallet