Kuroda reportedly said early this month he was quite happy at the ADB and had nearly four years to serve of his third term. But to that we say: Mark Carney!

Here’s the live feed:

Carney stressed at the beginning that his talk would be about guidance, and not containing guidance. Tee hee! However, he did drop the N-bomb and when a central bank governor talks in positive terms about a non-mainstream monetary policy framework, it’s… interesting.

Well, one thing pops out from the Bank of Canada press release announcing Carney’s move across the Atlantic: “The Governor will remain Chair of the Financial Stability Board.” Emphasis ours.

The focus on Monday was on Jim O’Neill, chairman of Goldman Sachs’ asset management division, after a piece in The Sunday Times lauded his “unique qualifications” for the job. The paper added that the UK Treasury had approached O’Neill about the job several months ago, but did not cite sources. O’Neill has neither denied or commented on the story.

There is something to be said for this. Alliance has struggled to make its diversifications (including the excellent Alliance Trust Savings) into profit centres, and even if ATS finally does turn the corner, it will be years before it has any impact on Alliance’s net asset value, the measure by which investment trusts are judged. The suspicion remains that its moves away from managing the main fund are to give the executives under Katherine Garrett-Cox the prospect of growing the business.