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 Uganda the consent of the Cabinet. The governor and deputy governor shall be appointed for a period of five years and shall be eligible for reappointment. The act further stipulates that the governor and deputy governor shall not, while in office, take up any other office or employment, whether paid or unpaid. It is a requirement, that both the governor and deputy governor, shall be individuals with recognised financial or banking experience. The responsibilities of the Governor of the Bank of Uganda include the following: The following individuals have served as "Governor of the Bank of Uganda", since the institution was