Shake up at the top for Bank of England

Bank of England Governor, Mark Carney, unveiled the UK Treasury of three new senior appointments for the Bank. Former Goldman Sachs economist, Ben Broadbent, will become deputy governor for monetary policy. The deputy managing director of the International Monetary Fund (IMF), will take up the role of deputy governor for markets and banking. Anthony Hapgood, chairman of Whitbread and Reed Elsevier is appointed chairman of the BoE's governing court which is the Bank's board of directors whose primary role is to oversee strategy, budget and risk standards. The overhaul reflects a need to reform the BoE's structure to make senior staff more accountable and to ensure the Bank is better prepared to manage future external shocks