Mark Carney
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Newsnight discusses Carney Bank of England appointment

27 November 2012 Last updated at 00:01 GMT

Mark Carney has been named as the new governor of the Bank of England by Chancellor George Osborne.

Mr Carney, the governor of the Canadian central bank, will serve for five years and will hold new regulatory powers over banks.

He was a surprise choice for the head of the UK's central bank and had previously ruled himself out.

BBC's Newsnight was joined from Canada by Ralph Goodale, the deputy Liberal leader and former Canadian finance minister, and John Micklethwait, editor-in-chief of the Economist and a friend of Mark Carney's.