Carney in the clear, but only in Canada   Play video Politics not in play at Bank of Canada, says Flaherty, Carney Mark Carney pub crawl catches journalists by surprise Flaherty leaves conflict questions to Bank of Canada Mark Carney's judgment in question BoC: Carney didn't breach conflict policy

OTTAWA -- The Bank of Canada's vetting process for conflict of interest is being called "inadequate" by at least one corporate governance expert.

Richard Leblanc, an associate law and ethics professor at Toronto's York University, wonders why a subordinate is in charge overseeing whether his boss - the Bank's governor - overstepped conflict of interest rules.

The Bank of Canada's general counsel cleared governor Mark Carney of breaching any conflict-of-interest rules following media inquiries about a vacation Carney took last summer at the home of a Liberal MP.