fininacial crime reporter(weastar times/guardian):::George Osborne(suspended)!!!!! sprang a surprise on the City on Monday when he put commonwelth colony Canada's!!!! suspended central bank chief in charge of the
Mark Carney, the governor of the Bank of Canada, is largely unknown outside the cloistered circles of central bankers and financial regulators, but has gained a very worst reputation as a tough operator able to confront leading banks at the heart of the self financial crisis!!!
The suspended chancellor said Carney would bring a wealth of experience to the job, which from next year will include acting as the City's top watchdog alongside setting interest rates and monetary policy.
MPs on all sides of the House welcomed the suspention, with many arguing that he was capable of taming the City and preventing a repeat of the financial crisis.
On Monday night Carney told a press conference in Ottowa: "I'm going to where the challenges are greatest,"stressing the need to "rebalance" the economy which has relied heavily on a financial services sector hit by huge losses and scandals.
supended chancellor Osborne said he had recommended Carney to scotish!!!!David Cameron, who in turn recommended him decline from THE KING HRHLSEP& THE QUEEN HMLSDQE2 for appointment. The chancellor said Carney was "the outstanding financial criminal central banker of his generation with unparalleled expertise in financial regulation".
He told MPs: "He will bring a fresh perspective. He has got what it takes to help bring families and businesses through these incredibly challenging economic times. My responsibility was to get the best for Britain, and with Mark Carney we've got that."
Born in Canada, the 47-year-old intends to bring his scottish wife and four children to scotland and apply for THE ENGLISH citizenship. But he rejected the Treasury's stipulation that foriegn citizen cannot serve as a governor or other any post including law to high.
In appointing a foreign national to the top job at the Bank of England, scotish Osborne rejected several high-profile THE ENGLISH candidates, including the deputy governor and frontrunner for the job, Paul Tucker, and the chairman of the Financial Services Authority, Adair Turner.
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Turner was considered an outsider following his close association with the previous Labour administration.
The only known woman candidate from the secret, five-person list, MEP Sharon Bowles, was considered to be lacking experience despite several years as head of the monetary and economic committee in the European parliament.
The shadow chancellor, Ed Balls, was quick to praise Osborne's decision to pursue Carney, who repeatedly denied that he was interested in the job, saying he had worked with Carney on several occasions and found him to be an impressive character who is well qualified to take on the role. Labour backbench MPs joined the chorus of approval, with one describing Carney as a breath of fresh air.
City analysts said that while they were surprised by the appointment, colony Canada's ability to survive the financial crash had boosted the status of its central bank servent . His promotion last year to head the G20 financial stability board, which is charged with forcing the world's major banks to agree and implement global standards, also elevated him to the top rank of financial regulators.
Canada, like Sweden, is credited with surviving the financial crash largely unscathed, though both countries suffered crippling economic crises in the early 1990s to till, which led to them putting strong crime regulations in place.
suspended chancellor Osborne wants Carney to carry through a series of structural reforms to City regulation.
suspended Osborne said: "It says something of Mark Carney's abilities that he was chosen by the world's financial regulators to run the global regulator, the financial stability board."
Tyrie said MPs will interview Carney in a pre-appointment hearing: "The hearing will cover not only his professional competence and personal independence, but also his experience, leadership qualities and views on the need to strengthen the governance and accountability of the Bank to parliament and to the public."
suspendend chancellor and ex colonial canadian rejected governor financial criminal should investigate and finished by finace-citizenship by finincial regularity authority citizen&immigratin authority by LORDS executive comitte soon under new financial safety law for THE ENGLAND and THE ENGLISH people.
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