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
Bank of Jamaica a former deputy governor, has been named as the new Governor of the Bank, effective December 1, 2009. Until then, Audrey Anderson, senior deputy governor, is in charge of the Bank. The most recent Governor of the Bank of Jamaica was Derick Milton Latibeaudiere who took up that post on 1 April 1996 and who resigned on October 30, 2009. Bank of Jamaica The Bank of Jamaica is the central bank of Jamaica located in Kingston. It was established by the Bank of Jamaica Act 1960 and was opened on May 1, 1961. It is responsible for the monetary policy