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 England note issues which stop copying of banknotes. They are easily identified by photocopiers. Elizabeth II has appeared on all the notes issued since Series C in 1960. The custom of depicting historical figures on the reverse began in 1970 with Series D, designed by the bank's first permanent artist, Harry Eccleston. In 2015, the Bank of England launched a public competition to nominate historic personalities with links to the visual arts for a future redesign of the £20 banknote. The Governor of the Bank of England asked the public to "think beyond the obvious" when nominating suggestions, with over 29,700 nominations finally