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By Mark Kennedy

CANNES, France — Bank of Canada governor Mark Carney has been chosen by G20 leaders to lead an influential body that is poised to overhaul the international banking industry.

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The appointment to the part-time job, first reported as a slam dunk by the Financial Post, announced Friday morning, will elevate Mr. Carney into one of the most important positions in the banking regulatory sphere.

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He becomes the head of the Financial Stability Board (FSB), which is being given new powers and responsibilities to rein in the world’s biggest banks.

Mr. Carney replaces Mario Draghi, governor of the Bank of Italy, as chairman of the FSB.

Mr. Carney will still remain Canada’s central banker.

“The selection of Mr. Carney as chair of the Financial Stability Board is testament to his skills and to the strength of Canada’s financial system,” Prime Minister Stephen Harper said in a statement Friday. “This is the right appointment at the right time as the world works to strengthen the global financial system and sustain the fragile global economic recovery.”