Mark Carney - the new Governor of the Bank of England

toshj · 27 Nov 2012 at 11:52

Seems a good choice, plus his role at GS as Co-Head of Sovereign Risk will surely help in some manner.

The Canadian (investment) banks have certainly fared better than most to be honest. Their lack of exposure to structured credit being the main reason for this, and this has seen quite a few of them cautiously expand their operations over the past few years whereas most of their larger competitors have plateau'ed. Here's hoping Carney will do well

Lord-Jaffa · 27 Nov 2012 at 14:48

Canada has largely escaped the recession due to their absolute mountain of natural resources and some high ranking chinese official deciding they need to build a few more ghost cities.

Participant · 27 Nov 2012 at 15:35

Lord-Jaffa said:
Canada has largely escaped the recession due to their absolute mountain of natural resources and some high ranking chinese official deciding they need to build a few more ghost cities.

This. Don't overblow the impact of a single person on an entire nation's economy.

That said he is a very clever fella and will no doubt do a good job. If it goes **** up, we can always 'blame Canada'.

Yamahahahahaha · 27 Nov 2012 at 16:01

Canada's banking system is the least corrupt in the world, we should look forward to seeing what Mr Carney can do for us.

FutileBreadMachine · 27 Nov 2012 at 16:06

It doesn't matter who he is. What matters is his plan.

CosmicClown · 27 Nov 2012 at 16:07

Yamahahahahaha said:
Canada's banking system is the least corrupt in the worldQUOTE]

Lol, they ain't too bad eh, just the LEAST corrupt.

Participant · 27 Nov 2012 at 16:15

FutileBreadMachine said:
It doesn't matter who he is. What matters is his plan.

It matters who he is, because who he is will determine the plan.

scorza · 27 Nov 2012 at 17:01

Yamahahahahaha said:
Canada's banking system is the least corrupt in the world, we should look forward to seeing what Mr Carney can do for us.

It's a shame that Mr Carney's previous role as Governor of the Bank of Canada didn't include regulating their banks then.

Yamahahahahaha · 27 Nov 2012 at 17:10

scorza said:
It's a shame that Mr Carney's previous role as Governor of the Bank of Canada didn't include regulating their banks then.

Ah, I completely missed that part. Yes... Yes it is. Why don't we have one of those guys instead?