The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. Andrew Bailey, the head of the Financial Conduct Authority (FCA), has been announced as the next governor of the Bank of England.A former deputy governor and chief cashier of the Bank… The Bank of England’s new deputy governor for markets and banking, to replace Minouche Shafik who leaves this month, will be announced this week by the Treasury. Mr. Carney’s salary has already been criticized and scrutinized in the British press. During the EU referendum in 2016 Mr Carney was slammed by some Brexit campaigners for saying that voting to leave the European Union would force the UK into a recession. The current governor Mark Carney will step down on 31 January 2020 after more than six years in … This includes a £480,000 salary, £252,000 in taxable benefits, and £5,000-a-week housing allowance. The remaining component of their total compensation consists of their membership in the Bank of Canada pension plan, and health and dental benefits. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. He studied at Harvard University where he graduated with high honours in Economics before completing his masters and doctoral degrees in the same field at St Peter's College, Oxford. What does the future hold for Mr Carney? As a result, he commands an impressive salary, with the official governor… He will be paid £495,000 at the Bank and, as a governor, is not eligible for a bonus or performance pay. The salaries of the Governor and the Senior Deputy Governor are within ranges established by the Advisory Committee on Senior Level Retention and Compensation, subject to the approval of the Governor in Council (the Cabinet). This includes a £250,000 a … He defended his actions, saying: "We have a responsibility to discharge our remit and we have a wider responsibility to the British people, who don't want risks kept from them.". Mark Joseph Carney was born on March 16, 1965, in Canada. Mr Bailey, 60, will take over on March 16, 2020, for eight years. Andrew Bailey, chief executive of the Financial Conduct Authority, is taking a pay cut to become the next Bank of England governor. Salary: Competitive ... About the Bank of England. Governor Mark … Mark Carney, currently Governor of … How much money did Mr Carney make as Governor? Governor's Salary and Bank Annual Report Governor's Salary and Bank Annual Report The Bank of England Annual Report, published today, notes that the practice of the Court of the Bank has been to propose increases for Sir Edward George, the present Governor, of … The governors serve as the Bank’s top level executive team, and are responsible, in conjunction with the Bank’s policy committees, for overseeing the fulfilment of the Bank’s mission. Mr Bailey, 60, earned just over £510,000 in salary and performance-related pay in the past two years at the authority. 894646. For other inquiries, Contact Us. The government confirmed it would carry on paying 80% of the salaries of those workers retained by firms rather […] View our online Press Pack. It would be the start of a long career in the world of finance after landing his first job in Goldman Sachs where he spent 13 years working at its offices in London, Tokyo, New York and Toronto. 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