SYDNEY (MNI) – Reserve Bank of Australia Governor Glenn Stevens may
be a contender for the top position at the Bank of England, The Times
reported over the weekend.
Stevens was approached by the Treasury as part of the process to
find a replacement for governor Mervyn King who retires next year, the
report says quoting “City sources.”
According to the Treasury advertisement for the position, “the new
governor will lead the bank through major reforms to the regulatory
system, including the transfer of new responsibilities that will see the
bank take the lead in safeguarding the stability of the UK financial
system.”
“The successful candidate must demonstrate that they can
successfully lead, influence and manage the change in the bank’s
responsibilities, inspiring confidence and credibility both within the
bank and throughout financial markets,” the advertisement says.
Application for the position closes at 0830 hours local time Monday
(1930 hours Sydney time).
Stevens started his career with the RBA in 1980 and has been with
the central bank since then. He was appointed governor from the role of
assistant governor (economic) in September 2006.
Stevens’ deputy is Philip Lowe who was appointed to the position
last year from his previous role as assistant governor (economic).
** MNI Sydney Bureau **
** email: srodrigues@marketnews.com, Tel: +61-2-9716-5467 **
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