LONDON — Bank of England Governor Mark Carney is widening his influence by becoming chair of two global central bank groups which monitor risks from the economy and financial system. Carney will chair the Global Economy Meeting (GEM), part of the Bank for International Settlements (BIS), which is made up of 30 central banks and monitors the global economy and financial system. The 52-year-old Canadian, who has been Bank of England Governor since 2013, will also chair the Economic Consultative Committee (ECC), which prepares proposals for GEM. Advertisement Continue reading the main storyGEM flags risks to governments from the economy, and oversees work by other BIS panels on standards for market infrastructure, payments and markets.

Source: New York Times September 11, 2017 12:00 UTC