Friday, October 31, 2014   

Bank of England names IMF’s Shafik to markets oversight role
(03-18 19:45)

The Bank of England said it had appointed Nemat Shafik, a deputy to IMF chief Christine Lagarde, to a new role providing oversight of financial markets and banking.
Shafik, a national of Egypt, Britain and the United States, has overseen the fund's work on countries in Europe and the Middle East, including on financially bailed-out euro zone members Greece and Portugal.
The appointment came as Governor Mark Carney looks to strengthen the BoE's structure amid a review of its processes triggered by an inquiry into suspected rigging of foreign exchange markets. A worker was suspended.
A Bank of England statement said that Carney and British Finance Minister George Osborne had “agreed to appoint Dr Nemat Shafik as Deputy Governor of the Bank of England responsible for markets and banking,’’ beginning in August.--AFP


   
Other Business breaking news:
Panasonic says half-year profit dives (29 mins ago)
Nikkei soars to seven-year high (38 mins ago)
Japan Airlines H1 net profit slips (39 mins ago)
Sony says half-year loss balloons six-fold (40 mins ago)
RBS sets aside 400m pounds for forex probes (41 mins ago)
BoJ chief says at 'critical moment' for exiting deflation (41 mins ago)
BOJ expands monetary easing plan as economy slows (48 mins ago)
Athens stock market down 3.6pc (10-30 18:36)
Toshiba half-year net profit surges (10-30 17:27)
German jobless total falls in October (10-30 17:23)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.