Governance

Carney unveils major BoE shake-up

‘Minouche' Shafik to become BoE's first deputy governor for banking and markets, replacing Paul Fisher on MPC; external MPC member Broadbent also made deputy governor

BoE floats bonus clawback plan

Prudential Regulation Authority issues consultation on new powers to claw back bonuses in case of misconduct; Katharine Braddick reiterates ‘misgivings’ about bonus caps

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