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Four things Carney must do in 2014
The Bank of England Govenor, Mark Carney, has four priorities in 2014, according to Saxo's Nick Beecroft. Top of the list? He should be ready to raise rates sooner than he perhaps expected.
Nick says he's concerned about a housing bubble in parts of the UK. He senses that with an election less than eighteen months away, the government won't be keen to reduce that risk so it will fall on the Bank of England.
Longer term, Nick says it's very important that Carney moves to convince politicians that there needs to be a separation of retail and investment banks. And he should also think about instilling a "Canadian culture" into British banks. He "did a good job", in that respect says Nick. UK banks could benefit from following the Canadian model that Carney helped develop.
01:46 minutes
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