Mervyn King, Baron King of Lothbury banks", pinpointing the banks' sense of grievance on their finding it "very, very difficult to face up to the failure of their banking model". With King's term as governor ending in 2013, top UK banks have warned that unless a less "hostile" figure is found as a successor, they may feel it necessary to move abroad. On 26 November 2012, Mark Carney was named as King's successor. King had faced accusations of refusing funding to the Northern Rock Bank, precipitating a run on that bank, a situation not seen in the UK since 1914. King later said that it had
Governor of the Bank of Spain Deputies before the competent Committee to inform about the proposed candidate. The governor's mandate lasts six years and is not renewable. The governor's functions are: The following people have served as Governor of the Bank of Spain: Governor of the Bank of Spain The Governor of the Bank of Spain () is the head of the Bank of Spain, the central bank of Spain. The current governor is Pablo Hernández de Cos, who took office on 11 June 2018. The Governor of the Bank of Spain is appointed by the Monarch of Spain at the proposal of the Prime Minister