Carney salary doubles to $1m with BoE move
Mark Carney, the next governor of the Bank of England, will double his current annual pay to more than $1 million when he assumes the role in July next year.
The Bank of England's non-executive directors, who set pay for the governor and deputy governors, today (December 19) agreed Carney would receive a salary of £480,000, plus a yearly "accommodation allowance" of £250,000, a package worth nearly $1.2 million. The governor will receive an additional 30% of his salary in lieu of a pension.
Carn
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
More on Governance
Turkish currency hits record lows despite forex from Gulf states
Erdoğan says he is grateful to allies but central bank reserves fall to lowest level in over 20 years
Lebanon imposes travel ban on governor
Germany follows France in issuing arrest warrants for Riad Salameh
MAS launches AI training programme for key financial institutions
Central bank will design training programmes with universities and institutes
Slovak governor due to appear in court in July
Central bank deputy governor is new prime minister leading technocratic government
Polish central bank accuses critics of following Russian propaganda
Glapiński attacks critics, including opposition parties, as Poland prepares for election
China’s National Financial Regulatory Administration officially opens
Veteran banker and former provincial governor Li Yunze will lead new regulator
French prosecutors issue arrest warrant for Lebanese governor
Salameh condemns move and calls for Lebanon to end co-operation with European investigations
Lebanese governor fails to attend French court hearing
Salameh’s lawyer calls summons “null and void” as politicians hold talks over possible successor