Governor of the Bank of England would be supervised by a Governor, a Deputy Governor, and 24 directors. In its current incarnation, the Bank's Court of Directors has 12 (or up to 14) members, of whom five are various designated executives of the Bank. The 120th and current Governor is the Canadian Mark Carney, appointed in 2013. He is the first non-Briton to be appointed to the post, but made a commitment to the Prime Minister to take up British citizenship. Governor of the Bank of England The Governor of the Bank of England is the most senior position in the Bank of England. It is
Bank run suspect other depositors will believe the story. The story becomes a self-fulfilling prophecy. Indeed, Robert K. Merton, who coined the term "self-fulfilling prophecy", mentioned bank runs as a prime example of the concept in his book "Social Theory and Social Structure". Mervyn King, governor of the Bank of England, once noted that it may not be rational to start a bank run, but it is rational to participate in one once it had started. A bank run is the sudden withdrawal of deposits of just one bank. A "banking panic" or "bank panic" is a financial crisis that occurs when