23 September 2015

Central-bank bosses - Caste iron

In most countries a stint at a big international bank is no disqualification for a top job at a central bank. Mark Carney of the Bank of England (ex-Goldman Sachs), Mario Draghi of the European Central Bank (Goldman again) and Bill Dudley of the Federal Reserve Bank of New York (yes, Goldman too) are three prime exhibits. Yet the nomination of François Villeroy de Galhau, until recently a senior executive at BNP Paribas, as the new governor of the Bank of France has prompted an unusual rumpus.

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