Mark Carney: special focus
Euromoney's latest coverage of the monetary and regulatory philosophy of Euromoney's 2012 central bank governor of the year, in his role as the 120th governor of the Bank of England.
The eventual impact of the revised capital rules will be less severe than bankers feared a year ago, even though many lament regulators’ pivot away from internal ratings.
UK banks scraped through the latest stress tests with no need to raise capital, but add a disorderly Brexit onto recession and overseas investor flight, and they could face serious trouble.
Before the official figures were announced, Bank of England governor Mark Carney did what modern central bankers do. He used a busy speaking programme to tell the markets what they already knew: that inflation was likely to exceed the bank’s long-term target of 2%.
FSB chair Carney marks his own homework, awarding A* grades for the board's financial regulatory reforms – this is hogwash.
Following the Brexit referendum result, Bank of England governor Mark Carney said there would be no change to current financial regulation.
The BoE still has plenty of monetary weapons in its policy arsenal, including expanding an asset-purchase programme akin to the ECB, but, amid febrile market confidence, it needs to tread carefully.
Carney has doubled down on his call that the UK faces the risk of recession.
L’Roubi may be a chameleon when it comes to his sartorial mores but Bank of England governor, Mark Carney resembles a chameleon when it comes to his views on UK interest rates.
Markets director Paul Fisher clarifies discussions that took place over trading around fixings at meetings of the Bank of England FX committee subgroup, but acknowledges severity of market-rigging allegations.
When Carney took over as the new governor last July, we were all infatuated with his cool-dude persona, his dapper appearance in shorts at a summer music festival and his man-bag. Now we are not so sure.
Given the tax bias towards leverage, and regulatory equity thresholds for UK banks that remain a source of systemic risk from the Bank of England's own analysis, the governor is gambling that new, untested regulatory standards will temper systemic risk - even while gunning for the expansion of the financial industry.
On Tuesday, Carney reiterated the regulatory appeal of the leverage ratio and said the FPC would be able to complete the review within 12 months.
The new flexible liquidity rules will prove key to realizing Bank of England governor Mark Carney’s bold ambition to further entrench London’s status as a global financial hub while addressing the challenge of rising interest rates and a collateral shortage.
Bank of England governor Mark Carney is correct that the City of London should be open to global finance. But he dismisses moral hazard and market distortions – the inevitable consequence of easy money and a reflationary UK housing policy – at his peril.
Bank of England (BoE) governor Mark Carney on August 7 introduced a new era in UK monetary policy when he provided forward guidance for the first time on the future direction of interest rates.
'Forward guidance' is the new buzz phrase after the main European Central Bank (ECB) meetings in July.
A slight improvement in the UK’s economic outlook cannot mask the challenges facing the BoE’s new governor.
Rarely have two decisions to leave interest rates on hold had such an impact on the currency market, but the Bank of England (BoE) and the European Central Bank (ECB) managed to put heavy pressure on the pound and the euro after their policy meetings on Thursday.
Mark Carney: Finance’s new statesman