Mark Carney announces Bank of England shake-up
18 March 2014 Last updated at 23:48 GMT
Two new deputy governors have been named at the Bank of England, as part of a radical shake-up by governor Mark Carney.
Ben Broadbent will become deputy governor responsible for monetary policy, and Nemat Shafik will take charge of markets and banking.
Both will sit on the rate-setting monetary policy committee (MPC).
Robert Peston reports.