Wednesday, September 24, 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:
Barclays bank fined: regulator (09-23 18:15)
ECB launches new 10-euro banknotes (09-23 17:33)
German industry less optimistic on outlook: federation (09-23 16:37)
Eurozone business activity slows further in September (09-23 16:36)
Hang Seng dips, Shanghai gains (09-23 16:35)
European stocks down at open (09-23 16:01)
Jimmy Choo shoemaker to launch on London stock market (09-23 15:52)
Electronics giant Philips says to split company (09-23 15:29)
Hang Seng flat at midday (09-23 12:38)
China factory index ticks up (09-23 10:45)

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.