Tucker trial

16 November 2012 By Peter Thal Larsen Follow @Peter_TL

The new Bank of England chief will be expected to preserve growth, prevent bubbles and keep banks safe. Whoever is chosen will probably fall short. Deputy governor Paul Tucker has the best credentials. And despite being an insider, the contrast with Mervyn King will be large.

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The British government is in the final stages of selecting the governor of the Bank of England, who will replace Sir Mervyn King when his term ends in June 2013. The decision is expected to be announced by the end of 2012.
The shortlist has been reported to include Paul Tucker, the BoE’s current deputy governor; Lord Burns, chairman of Santander UK; Sir John Vickers, chairman of the Indepedent Commission on Banking; Lord Turner, chairman of the Financial Services Authority; and Sharon Bowles, Liberal Democrat MEP.

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