Bank of Canada governor Gov. Mark Carney hired as world banking regulator CANNES, France - Mark Carney, the governor of the Bank of Canada and former investment banker, has been appointed by G20 leaders to serve as a global watchdog on the world's financial fat cats. The sharp-tongued 46-year-old is being handed the task, in turbulent times, of keeping the world's biggest banks from the kind of risky behaviour that ran the world's economy off the rails in 2008. He takes over the part-time chairmanship of the Financial Stability Board from outgoing chair Mario Draghi, Italy's top central banker. Carney remains Bank of Canada governor. And he does so at a time when G20 leaders are giving the international board more staff and resources and greater "name and shame" powers in an effort to rein in global financial giants. Carney, whose seven-year term at the Bank of Canada expires in 2015, has been a strong advocate of new, stringent regulations for banks. He spent 13 years as an! investment banker with Goldman Sachs , working in London, New York, Tokyo and Toronto, giving Carney an inside view of the industry he's now charged with regulating. Only the world's biggest financial institutions â€" none of which are Canadian â€" fall under the FSB's mantle. Widely expected to get the part-time posting, Carney may have sealed his appointment in September with his abrupt response to American bankers chafing at looming new rules. "If some institutions feel pressure today, it is because ...
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