London-based Financial Times has listed Raghuram Rajan , former governor of the Reserve Bank of India, as one of the candidates who could be considered for the top job at the Bank of England . He shot to big fame three years after he presented a counter-intuitive paper at a prestigious annual gathering of economists and bankers in the US in 2005. He predicted a financial crisis, was made fun of but was proved right three years later when the financial crisis hit the US. "If Mr Hammond follows his predecessor’s instincts and wants a lively hard-hitter at the BoE, Shriti Vadera, the chair of Santander UK and a former business minister under Gordon Brown fits the bill. Having been a key government figure in the financial crisis, Baroness Vadera is also credited with doing a good job in chairing a committee of City grandees, and later in helping to frame the UK’s position on Brexit and financial services," says the article.

Source: Economic Times April 23, 2018 06:05 UTC