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Bank of England's Carney to stay on as FSB chair for an extra year

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Bank of England's Carney to stay on as FSB chair for an extra year

Bank of England's Carney to stay on as FSB chair for an extra year
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LONDON (Reuters) – Bank of England Governor Mark Carney has agreed to stay on as chair of the Financial Stability Board (FSB) for an extra year, the Swiss-based coordinator of global financial regulation said on Friday. “FSB members asked the FSB Chair, whose second term would come to an end on 4 November 2017, to serve for a further period until 1 December 2018,” the FSB said in a statement. Carney has chaired the FSB since 2011. He is due to step down as Bank of England chief in June 2019.

(Reporting by Andy Bruce; Editing by Catherine Evans)
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