Mervyn King
ECB compromise on Basel III adjustments gets mixed response
An ECB proposal for the European Systemic Risk Board to have oversight on whether European regulators can adjust Basel III for macro-prudential purposes gets a mixed response from central bankers
BoE unveils new heads in monetary analysis and statistics division
Bank of England appoints three new department heads in its monetary analysis and statistics division; seen as a springboard to MPC
David Lees remains Court of the BoE chair
HM the Queen approves political recommendations that David Lees be reappointed as chair of the Court of the Bank of England
BoE minutes show two votes for greater QE
Minutes of latest Bank of England monetary policy meeting reveal two rate-setters wanted to see greater quantitative easing than the £50 billion that was settled on
BoE’s King explains continuing high inflation
Mervyn King writes to chancellor of the exchequer explaining why inflation remains above target; despite 0.6% drop in rate since December, governor must offer reasons for missed target
CB.com poll result says eurozone break-up comments are not irresponsible
CentralBanking.com poll shows majority of participants believe non-eurozone central bankers are not acting recklessly by commenting on a possible break-up of the euro
King sees ‘no reason to despair’ over world economy
Governor of the Bank of England acknowledges ‘serious’ situation global economy is in, but says there is a way forward; despite fall in inflation the year ahead will not be easy, King says
BoE and Treasury Committee clash over accountability
Treasury Select Committee rebuffs Bank of England proposal on accountability reforms; chair Andrew Tyrie sets out three main areas of disagreement between the two bodies
BoE unveils gloomy Financial Stability Report
Bank of England Financial Stability Report demands banks boost capital levels; King says he initiated talks of co-ordinated swap line action with central banks around the world
UK government launches separate easing programme
Bank of England agrees to reduce the maximum size of its Asset Purchase Facility to make way for government’s new credit easing programme; settles dispute over bolstering lending to SMEs
Blanchflower blasts BoE’s forecasting record
Former Bank of England Monetary Policy Committee member David Blanchflower says central bank will continue to miss projections until outdated models are replaced
King sees sharper decline in inflation ahead for UK
Inflation in the UK falls to 5% in October, but Bank of England governor Mervyn King says inflation could drop more “sharply” in the next six months
Treasury Committee recommends overhaul of Bank’s Court
Treasury Committee report says Bank of England Court should be replaced by new supervisory board to provide leaner and more expert review of policies
King wants clearly defined bank ring-fence
Bank of England governor Mervyn King says lawmakers must ensure legislation on retail banking ring-fence is clear so regulators can focus on enforcing the new measures
Treasury Select Committee grills King
Bank of England governor faces quick-fire questions on quantitative easing and lending to small and medium-sized enterprises; discusses the timing of the latest asset purchase programme boost and reminds government of their responsibilities
Ex-UK chancellor calls for disbandment of Bank's Court
UK former chancellor of the exchequer Alistair Darling launches scathing attack on Bank of England's governance framework; says the Bank's Court should be broken up
Top officials discuss economic gloom in Italy
Key votes reveal lack of confidence in US economic policy and the future of the eurozone
Former chancellor criticises BoE’s King
Alistair Darling accuses Bank of England governor of not recognising the “scale of the problem” the UK faced as the financial crisis took hold
King sees severe threat to UK financial markets
Bank of England governor Mervyn King says fiscal sustainability of European sovereigns continues to pose severe threat to UK financial system
IMF expresses ‘disappointment’ at Commission’s Basel III proposals
IMF says European Commission’s proposals to adopt Basel III are too soft and do not offer national authorities sufficient flexibility over macroprudential policy
King receives 2.5% pay rise
Bank of England 2010 Annual Report shows governor Mervyn King’s starting minimum salary for 2010 increased to £375,000; deputy governors also receive pay rise
King defends governance of FPC
Bank of England governor Mervyn King says Financial Policy Committee should remain a committee of the Bank Court to preserve independence
Sir Mervyn King collects more titles in Basel
BIS reveals Bank of England governor to chair Global Economy Meeting, Economic Consultative Committee and Group of Governors and Heads of Supervision; takes over in November
Sovereign debt crisis dominates BoE’s first FPC briefing
European sovereign debt crisis leads discussions at Bank of England’s first interim Financial Policy Committee briefing; body issues five policy recommendations to Financial Services Authority