Shows & Panels
Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- American Readiness: Renewable Power and Efficiency Technologies
- Ask the CIO
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- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Delivering the Digital Government Mission
- Federal Executive Forum
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- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
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- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mitigating Insider Threats in Virtual & Cloud Environments
- Modern Mission Critical Series
- The New Generation of Database
- Reimagining the Next Generation of Government
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Applications closed for top Bank of England post
Monday - 10/8/2012, 10:05am EDT
LONDON (AP) - The deadline for applications to be the next head of the Bank of England, the U.K.'s top monetary authority, closed Monday with one of the leading contenders announcing he had decided not to pursue the position.
Former Cabinet Secretary Gus O'Donnell, touted as a strong contender for the 300,000 pound ($480,000) position, told the Financial Times Monday that he did not apply for the top job because he has other priorities after working 33 years in the public sector.
A high-level panel will now review the applicants' qualifications for the position. The new head of the Bank will set interest rates and money supply policy for the U.K. and will join U.S. Federal Reserve chairman Ben Bernanke and President of the European Central Bank Mario Draghi in helping the world recover from the global financial crisis.
The frontrunners are thought to include deputy governor Paul Tucker and head of the U.K.'s City watchdog, the Financial Services Authority, Adair Turner.
The next governor will play a central role in trying to steer Britain out of a sustained recession at a time of severe cuts in public spending to bring down the government's deficit, which stands at about 7.7 percent of the country's (EURO)1.9 trillion gross domestic product. They will also have to bring down the country's rate of inflation, which stands at 2.5 percent.
Current governor Mervyn King plans to retire in June, 2013. The panel judging applicants includes Nicholas Macpherson, permanent secretary to the Treasury, and deputy Tom Scholar. The Treasury said it seeks a person of "undisputed integrity and standing" to fill the position.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)