Carney faces grilling by U.K. parliamentary panel

Bank of Canada governor Mark Carney. (QMI Agency File Photo)

Bank of Canada governor Mark Carney. (QMI Agency File Photo)

Jessica Murphy, Parliamentary Bureau

, Last Updated: 6:07 PM ET

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.


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