About a-team Marketing Services
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Carney to Continue as Chair of Financial Stability Board

Subscribe to our newsletter

Mark Carney will continue his role as chair of the Financial Stability Board (FSB) when he steps down as governor of the Bank of Canada on June 1, 2013, and fills the same role at the Bank of England just a month later following the retirement of governor Mervyn King.

Carney was appointed as chair of the FSB in a personal capacity last year and will complete a three-year term in November 2014. He is also a member of the board of directors of the Bank for International Settlements.

As governor of the Bank of England, Carney takes on a job that will include additional regulatory influence as responsibility for some Financial Services Authority (FSA) regulation transfers to the bank as the FSA is wound down.

As chair of the FSB, Carney is leading a number of regulatory initiatives and reforms, including the implementation of Basle III, that are designed to avoid the fallout of another financial crisis. He also has oversight of the global legal entity identifier (LEI) system that the FSB is coordinating and plans to have in place by March 2013.

Carney reiterated the FSB’s support for the LEI system and noted its progress, including a draft charter for the LEI Regulatory Oversight Committee that went on to be endorsed by G20 finance ministers, at an October meeting of the International Monetary and Financial Committee in Tokyo. This week, FSB executives are back in Tokyo to consider further development of the system.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The Data Office at a Crossroads — AI Governance, Organisational Design, and the Evolving Mandate of the CDO

Who owns AI governance in a capital markets firm – and is the Data Office structured to bear that weight? These questions sit at the heart of A-Team Research’s latest findings, presented here for the first time: the combined results of two landmark surveys examining the role of the Data Office in AI governance and...

BLOG

Agentic AI Deployment Presents Potentially Dangerous Data ‘Trust Paradox’

Artificial intelligence deployment in capital markets’ data processes may be approaching an inflection point that, if not managed properly, could introduce dangerous risks to institutions’ operations. The growing deployment of anonymous agents has the potential to hardwire data errors into workflows, magnifying data weaknesses as the automating technology scales processes, according Informatica from Salesforce. The...

EVENT

Digital Assets & Tokenisation Briefing, New York

A-Team Group’s Digital Assets & Tokenisation Briefing assembles an exclusive group of CxOs and senior technology innovators. These leading market practitioners and infrastructure providers are collectively building the digital rails and decentralised networks that will power Wall Street 2.0.

GUIDE

Pricing and Valuations

This special report accompanies a webinar we held a webinar on the popular topic of Pricing and Valuations, discussing issues such as transparency of pricing and how to ensure data quality. You can register here to get immediate access to the Special Report.