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 Central Bank of Malaysia Governor of the Central Bank of Malaysia The Governor of the Central Bank of Malaysia is the chief executive of Malaysia's central bank and the "ex-officio" chairperson of its Central Board of Directors. Malaysian ringgit currency notes, issued by the Central Bank of Malaysia (BNM), bear the governor's signature. Since its establishment in 1959, the BNM has been headed by 9 governors. Section 15 (1) of the Central Bank of Malaysia Act 2009 stated that the Governor is appointed by Yang di-Pertuan Agong, the Supreme Head of Malaysia whilst the Deputy Governor is appointed by the Finance Minister. Section 15