Mark Carney

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Carney during the 2013 WEF

Mark Joseph Carney (born March 16, 1965 in Fort Smith ) is a Canadian bank manager . From 2013 to 2020 he was Governor of the Bank of England and the first foreigner to hold this post in the 319-year history of the Central Bank of England . He was previously Governor of the Bank of Canada from 2008 to 2013 and was best known for his defense against the financial crisis from 2007 onwards, which Canada survived without major negative consequences compared to other countries.

Between 2011 and 2018 he was also chairman of the Financial Stability Board (FSB), a G20 institution headquartered in Basel .

Life

childhood and education

Mark Carney was born in Fort Smith, in the Northwest Territories . His father, Bob, was a school principal and later professor of teaching at the University of Alberta in Edmonton. This resulted in the family and Mark Carney having to move when she was six. Carney has an older brother, Sean, a younger brother, Brian, and a sister, Brena. Carney's mother was an elementary school teacher before she became pregnant. Carney and his two brothers studied at Harvard University . Carney graduated from Harvard with a BA in Economics in 1988. He later went to Nuffield College , Oxford , where he received his Masters in Economics in 1993 and a PhD in Economics in 1995.

Career

Carney began his career at Goldman Sachs , where he was employed for thirteen years. He worked for the company in offices in London, Tokyo, New York and Toronto. He was Vice Chairman of Country Risk , Executive Director Emerging Debt Capital Markets and Managing Director in Investment Banking .

Between 2004 and 2007 he was Senior Associate Deputy Minister and G7 Deputy General Manager of the Department of Finance Canada . There he was employed under Jim Flaherty and Ralph Goodale.

From February 1, 2008 to June 3, 2013, he ran the Bank of Canada (he was succeeded by Stephen Poloz). He was praised for his handling of the 2008 financial crisis. On June 3, 2013, he was replaced by Stephen Poloz at the Central Bank of Canada .

Effective July 1, 2013, he became Governor of the Bank of England to succeed Sir Mervyn Allister King . In 2016, Carney named the UK's exit from the EU the "greatest risk to Britain's financial stability". These and other critical statements about leaving the EU made him unpopular with “Brexit” supporters. Jacob Rees-Mogg characterized him in an interview on November 28, 2018 as a "failed second-rate Canadian politician" who has already made inaccurate predictions in many cases.

Carney's term ended on March 15, 2020, and was succeeded by Andrew Bailey

Private life

He married Diana Fox in 1994. The couple have four daughters and live in Ottawa.

Honors

In 2009, in the article Fifty who will frame a way forward in the Central Bankers section of the business newspaper Financial Times , Carney was named as the designer of the future. In 2010 he was listed as one of the 100 Most Influential Personalities by the Time news magazine in the annual Time 100 list.

literature

Web links

Individual evidence

  1. ^ Mark Carney takes over as head of Bank of England . BBC , June 30, 2013, accessed July 29, 2013.
  2. ↑ Bank of Canada's Mark Carney - Personal and career highlights at a glance . CBC News, November 3, 2011, accessed June 30, 2012.
  3. ↑ Bloomberg v. November 20, 2009 "Carney Shows How Canada Controls Risk So Central Banks Can Too" ( June 29, 2011 memento in the Internet Archive )
  4. ↑ EU referendum: Mark Carney warns Brexit is biggest risk to Britain's financial stability. In: The Telegraph . March 8, 2016, accessed July 2, 2016 .
  5. ^ Jacob Rees-Mogg calls Mark Carney a 'failed-second tier politician'. BBC News, November 28, 2018, accessed November 28, 2018 .
  6. ↑ https://www.bankofengland.co.uk/news/2019/december/andrew-bailey-announced-as-new-governor-of-the-boe
  7. ^ Fifty who will frame a way forward . In: Financial Times , March 10, 2009, accessed June 30, 2012.
  8. ↑ Barbara Kiviat: Mark Carney . In: Time , April 29, 2010, accessed June 30, 2012.
personal data
SURNAME Carney, Mark
ALTERNATIVE NAMES Carney, Mark Joseph
BRIEF DESCRIPTION Canadian bank manager
DATE OF BIRTH March 16, 1965
PLACE OF BIRTH Fort Smith