Mark Carney, governor of the Bank of England (BoE) and head of the Basel-based Financial Stability Board (FSB), has been elected first vice-chair of the European Systemic Risk Board (ESRB), taking over from his predecessor at the BoE, Mervyn King, as ECB president Mario Draghi's second-in-command at the European macro-prudential supervisory body.
The ESRB is an independent European Union (EU) body responsible for the macro-prudential oversight of the financial system within the EU, founded in 20
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